Don Nickles: “I have a couple of comments. I heard a statement in the budget debate on the floor. I would say, my staff has compiled…”

“I have a couple of comments. I heard a statement in the budget debate on the floor. I would say, my staff has compiled the amount of spending that was in the amendments that were debated on the floor. Our Democrat colleagues offered amendments that would have 1-year tax increases of $86 billion and 1-year spending increases of $81 billion for 2005. For 5 years, that figure would be tax increases of $443 billion, and 5-year spending increases, $382 billion. That is assuming no inflation.”