Sean Reyes: “I want to say that I support a fair, reasonable and affordable tax cut; but I cannot support this proposal because we…”

“I want to say that I support a fair, reasonable and affordable tax cut; but I cannot support this proposal because we have had no hearings; there is no budget; and there have been no opportunities for us to express our shortcomings with this proposal. I want to also illustrate that if we are using the Texas model, and this is where history comes in, and President Bush has said over and over again he is using the Texas model, I want to point out that a Democrat and a Republican State Senator have said the following: Senator Chris Harris, Republican, said, we made tax cuts because we thought we had this huge surplus. I might have voted a little differently on all of these tax cuts had I realized that we were only funding 23 months of these programs. A Democratic Senator said, we should have taken a harder look at the tax cuts. We did not look down the road and so now we find ourselves, as a result of these budget priorities, in a difficult hole. This is what has happened to Texas because of two enormous tax cuts that then-Governor Bush proposed. When he was asked about this on the campaign trail, then-Governor Bush said, I hope I am not here to deal with it. Well, guess what? Texas is dealing with this hole today, a deficit that is as red as my tie.”