I simply want to point out that the budget resolution brought to the floor by the House Republicans last month provided only $77 billion in tax cuts over the next 5 years. The President is calling for $675 billion in tax cuts over the next 10 years, and the repeal of this repealer will take at least $400 to $500 billion. Their budget resolution did not provide for this tax cut.
Discussing the budget resolution and tax cuts proposed by House Republicans.
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Failed Republican economic policies had brought the financial system dangerously close to a complete meltdown and had driven the economy into its deepest recession since the 1930s.
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I think it is a bit irresponsible to at least articulate to the American people, to the Congress, why you think we need a new policy direction.
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