On the recordMay 9, 2013
Thank you for yielding. As you know, there are significant differences. The Senate budget includes over $1 trillion in new tax hikes on small businesses and families, which would be very damaging for the economy. The Senate Democrat bill adds I think about $8 trillion to the deficit and doesn't take what we think are critical steps to saving Social Security and Medicare over the long haul. That's why these discussions, I think, are so critical. Again, I'm encouraged that both sides are discussing them, trying to find a way to narrow them, and we ought to give them time to be able to continue those discussions.
