On the recordMarch 20, 2013
we do have some serious differences of opinions between the two parties when it comes to our values and our priorities. We believe our budget should reflect this, and we are having a good debate. Those differences will be difficult enough to bridge, and we should be able to at least agree on what the facts are. I wish to take a moment tonight to correct an inaccuracy I have heard a lot in the last few days, including on the floor tonight. We are hearing some Republicans say that the Senate budget includes a $1.5 trillion tax hike. This simply is not true. Here are the facts. Of the $975 billion in new revenue, which comes from those who can afford it the most, $480 billion is matched with responsible spending cuts to fully replace the sequestration, $100 billion goes toward targeted high-priority infrastructure repair and job training to help restore the recovery, put Americans back to work, and the rest goes to help reduce the deficit. Unfortunately, rather than seriously considering the credible path we have presented in our budget plan, some Republicans have decided to play games with the numbers, and they are not telling the truth. Instead of subtracting the sequestration replacement portion and the investment package from the $975 billion in total revenue, they are trying to say you should somehow add them all together.…





