On the recordApril 12, 2018
I thank the gentleman from New York for yielding to me. Mr. Speaker, I rise today in strong opposition to H.J. Res. 2, the disgraceful so-called balanced budget amendment. You know, it has been said again and again on this side of the aisle, but I think it warrants saying it even more. The Republicans passed their tax bill for the wealthiest 1 percent, which blew tremendous holes into the deficit. So coming here now a few months later and purporting to be concerned about the rising deficit, I mean, the actions are different than the words, because the Republican tax scam blew a hole in the deficit, made it very difficult. So if you really want to change and you really want to have a balanced budget, the way to do it is to sit down with both sides and try to figure out a way to do it that is equitable, not something that only helps 1 percent and has devastating cuts for the rest of Americans. So the Republican tax cuts will balloon the Federal deficit by nearly $2 million over the next decade. Again, this is not about balancing the budget. This is an attempt to push an extreme agenda that will result in disastrous cuts to vital programs that benefit Americans. Medicare would be cut by $200 billion by 2025, Medicaid and healthcare subsidies by $150 billion, Social Security by $325 billion, and veterans' disability compensation would be cut by up to $30 billion.…





