just before Congress recessed for the August break, the majority Republicans passed the so-called Financial Freedom Act. I think a more appropriate name for the GOP tax plan should be ``A Return to the Massive Annual Debt,'' or maybe ``The Medicare Elimination Act.'' I think the size of the GOP bill highlights the willingness to neglect the financial security of our Nation. Both Democrats and Republicans want tax cuts. The difference between the two parties is the Democrats want to make sure we save social security and modernize Medicare, including a prescription benefit for our senior citizens, at the same time trying to buy down our national debt, and, to follow my colleague, the gentleman from California, to make sure we modernize our military without adding to the national debt. The Republican plan is a financial irresponsible scheme which would lead to higher taxes in the future, slow down our economy, and force huge deficits and massive tax increases on our children and grandchildren. The American people know that the failure to address these issues today will only make the problems greater for the future. Whether we are talking about Medicare, social security, defense, let us not add to our national debt.
Editor's note · Context
Criticizing the GOP tax plan during a floor speech.
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