Political Quotes

“I hope we can take this up in the Budget Committee. I have some Budget Committee colleagues who are here on the floor. Senator Whitehouse has been the lead Democrat on the Budget Committee for some time and is now at the helm of another committee. But Senator Merkley, who spoke passionately a couple of minutes ago, is now the lead Democrat on the Budget Committee. We need to take up the issue of these tax cuts as proposed and explore what the long-term consequences will be. The consequence will be to bust the deficit. The consequence will be to put dollars in the hands of those who don't need them and take dollars out of the hands of those who do when you combine it with the tariff effect, but the consequence will also be significant on the national debt. As Senator Murphy said during his comments, the national debt gets financed, and it gets financed in ways that ends up coming back. And who pays for it? Everyday folks. So you will have a compounding effect on everyday folks where they will not get tax relief. They may see their taxes increase. They will see their prices go up with this tariff blitz, and then they will end up being saddled with the consequences of debt. We should take the time to do this right. We should take the time to do--again, I use the example of what the Finance Committee did last year on the R&D tax credit, the child tax credit, and the low-income housing tax credit.…”