Tim Ryan: “One of the things, among others, what we would try to do, as we try to reconcile the budget, is not give $70 billion in…”

“One of the things, among others, what we would try to do, as we try to reconcile the budget, is not give $70 billion in tax cuts that go primarily to the people who make more than half a million dollars a year. The whole idea of this whole thing was to somehow find in the budget $50 billion to pay for Katrina, and instead, they found the $50 billion to pay for Katrina supposedly, but they also gave $70 billion in tax cuts, which means their deficit, this is what is great about Washington, their deficit reduction package actually increases the deficit by $20 billion because they just cannot resist giving people who make more than $500,000 i.e., their campaign contributors, a tax cut.”