Political Quotes

On the recordMarch 28, 2012
Mr. Chairman, I rise in strong opposition to the Republican budget. Once again, the Republicans move a slash-and-burn budget that would turn Medicare into a private voucher system and force seniors to spend more than $6,000 out of pocket every additional year. It would gut Medicaid, education programs, medical research, and transportation among other things. You name it, they devastate it. First, the Republican budget calls for a staggering $10 trillion in tax cuts for the wealthy and large corporations over 10 years. It would pay for it by closing unspecified tax loopholes, but this is a fraud. For loophole closing of this magnitude, the Republicans would have to get rid of all the tax breaks the middle class depends on, loopholes like the mortgage interest deduction, the tax exclusion for employer- sponsored health insurance, and charitable donations. This won't happen, which is why the Republicans won't name any of their loophole closings. The Republican budget then proposes $5.3 trillion in non-defense discretionary spending cuts, beyond what was agreed to in last year's debt ceiling, $1.2 trillion beyond. It would slash $860 billion from Medicare and all to pay for tax cuts because it wouldn't balance the budget until 2040, because these cuts are to pay for the tax cuts for the wealthy. For shame. Mr. Chair, I rise in strong opposition to the Republican budget for FY13 as offered by Mr. Ryan.…
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Jerry Nadler
Democratic · New York

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