On the recordMarch 29, 2007
we are coming to the end of 2 days of debate on how to organize our Nation's finances; how do we want to prepare the budget for the next 5 years for our country. This is a big debate. It is a debate that really underscores the different philosophies between our two parties. The Democrats have chosen the path of higher spending and a lot higher taxes. The three Democrat budgets we had before us here on the floor today, one raised taxes by $400 billion, another raised taxes by $711 billion and a third one raised taxes by $949 billion. The last tax increase we had was the last time the Democrats had the majority, and that was a $241 billion tax increase. Now, 3 months into their new majority, they are proposing anywhere from a $400 billion to a $1 trillion tax increase. We don't believe that we should take more money out of the pockets of hardworking Americans. We don't believe we should tax, tax, tax and then tax more the American economy and the American family and the American workers. We believe Washington has a spending problem, and that is why we are proposing to control spending, and that is how we achieve the balanced budget. Not only do we achieve a balanced budget, but we stop the raid of the Social Security trust fund and pay down $100 billion in debt in the fifth year of our budget.
Source
govinfo.gov




