Nydia M. Velazquez: “I rise in strong opposition to this ill-conceived, mean-spirited Republican budget. Mr. Chairman, all of us recognize…”

“I rise in strong opposition to this ill-conceived, mean-spirited Republican budget. Mr. Chairman, all of us recognize the need to reduce the deficit, but it must be done responsibly. This budget fails that test, cutting services we need in favor of tax breaks for the wealthy. For New Yorkers, these cuts will be particularly unfair. Ten billion dollars will be taken from low-income housing programs. Rental assistance will be reduced, making it harder for New Yorkers to find affordable apartments. This at a time when we are facing the worst housing crisis ever. Housing is just one area where this budget fails our country. With Medicaid spending reduced by $735 billion, millions of Americans will find it harder to afford health care. Instead of tackling rising health care costs, this budget ends Medicare as we know it. Medicare is a promise to America's seniors. Whether we honor that promise defines us as a Nation. Just as seniors will face tough times, this budget will visit hardship on young people. Head Start, child care and nutritional assistance for low-income families will be squeezed, and 26,000 college students from New York's 12th Congressional District will see tuition assistance reduced, putting college education out of reach. Beyond slashing social services, this budget undermines our economic recovery. Small business lending would drop by $3 billion, depriving 5,000 firms of capital they need to create jobs.…”