I voted for the Coalition budget; I voted for the President's budget, both designed to get us to a balanced budget within a 6-year period, the same as the parameters set in the Republican leadership budget. I voted very strongly against the Republican budget. Why did I vote for two and not the third? Well, basically the reason is, Mr. Speaker, because the first two at least recognized the importance of investment in the future for our young people, for our economic growth. Because those budgets, while they did balance in a 6-year period, the same as the Republican leadership budget, at the same time those budgets did not attempt to give tax breaks to the wealthiest individuals in this country. The coalition budget had no tax cuts in it, recognizing that we have contradictory goals if we are trying to reduce the revenues coming in by cutting taxes and at the same time balancing the budget.
Bob Wise: “I voted for the Coalition budget; I voted for the President's budget, both designed to get us to a balanced budget…”
Editor's note · Context
Discussing his vote on the budget process and contrasting different budget proposals.
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