Pete Sessions: “we are opposed to this bill. The first thing this is going to do is provide for higher taxes, $392 billion worth of new…”

“we are opposed to this bill. The first thing this is going to do is provide for higher taxes, $392 billion worth of new taxes between now and 2012. Secondly, this budget outspends inflation. It outspends inflation moving forward that will increase higher than the average of 2.4 percent. It is reckless entitlement spending increases. It is either empty promises or tax increases that they have. Mr. Speaker, lastly, it is very obvious that there is no entitlement reform that will take place. They had a 5-year budget to do it. They had 5 years to look out and say, we are going to match our Republican colleagues. It is now our chance, because the Republicans tried and got no support from the Democrats for the last 12 years to make sure we could do entitlement reform. Now it is their turn. Nothing. Nada. They are ignoring the future. This is a bad precedent. We know that the Democratic party is about taxing and spending. It is obvious. It is there today. We will let them vote for the tax increases. We will continue on the Republican side to make sure that we are for growing the economy and cutting taxes.”