Mr. Chairman, let me thank my colleague from Virginia for his leadership. Also I want to thank the chairwoman of the Congressional Black Caucus, Congresswoman Carolyn Cheeks Kilpatrick, for her leadership and all of our staff for their…
Mr. Chairman, let me thank my colleague from Virginia for his leadership. Also I want to thank the chairwoman of the Congressional Black Caucus, Congresswoman Carolyn Cheeks Kilpatrick, for her leadership and all of our staff for their very diligent work in putting together this fiscally and morally responsible budget.
This budget rejects the President's budget and his attack on working families, minority communities and many of our most vulnerable populations like seniors and low-income individuals. Instead it, invests in the right priorities for our Nation.
It calls for the implementation of GAO's recommendation to cut waste, fraud and abuse at the Defense Department. We have witnessed billions and billions of dollars disappear, lost or misspent through companies such as Halliburton or Blackwater. We have found, and the GAO has found, that there is at least now a savings of $63.7 billion between fiscal year 2001 and 2007. We want them to complete their audit, and this budget will allow them to do that so we can realize these savings and invest in our communities, in our families and in our children.
This budget also recognizes that domestic security enhances national security. It makes critical investments to build housing and to strengthen our communities. It fully funds SCHIP and increases funding to fight HIV/AIDS. It expands education and job training programs and rebuilds schools destroyed by Hurricane Katrina.
In short, the Congressional Black Caucus budget is fiscally and it is morally responsible. I urge my colleagues to support it.
Let me just highlight the HIV/AIDS budget. We have not received the type of increases for the minority AIDS initiative that our communities need so desperately. The HIV/AIDS pandemic is wreaking havoc on the African American and now unfortunately the Latino communities in our country. And so this bill funds the Ryan White HIV/AIDS program in a way that it should be funded, but it also funds the minority AIDS initiative in the manner that it should be funded.
Also let me just say we have seen such massive cuts in programs for education, such as for our historically black colleges and universities. This budget makes sure that our historically black colleges and universities
receive the type of funding they need to educate our young people.
Also it is important to recognize the Congressional Black Caucus understands that our children need health care this, and this budget provides the funding through SCHIP for health care for our children, our most precious resources, who are our future. And it is a shame and disgrace that we haven't been able to do what we needed to do.
So I thank the gentleman from Virginia for making sure this budget is fiscally and morally responsible.
Mr. Chairman, I offer an amendment.
Mr. Chairman, I yield myself as much time as I may consume.
Along with my colleague from California, Congresswoman Lynn Woolsey, I cochair the Congressional Progressive Caucus. And let me just take a moment to acknowledge our cochair, Congresswoman Woolsey, whose hard work, whose brilliant intellect, and whose soaring spirit really is with us today, even though she's at home recuperating very well from back surgery. She'll be back very soon to continue to fight to bring our young men and women home from Iraq.
I rise today to offer the Congressional Progressive Caucus budget. We call it our antipoverty, pro-opportunity, peace, and security budget.
Budgets really are moral documents. They provide a road map to identify and invest in our Nation's values and our priorities. The CPC alternative budget reflects our American mainstream values by making the right investments to fight poverty, to grow our economy, to assist survivors of Hurricane Katrina, to bring common sense to our national security budget, and to redeploy our troops and military contractors from Iraq.
Our budget does this in a way that not only balances our priorities but balances the Federal budget. Our budget stands in stark contrast to the President's very cynical proposal that he presented to us last month.
The Progressive budget rejects the President's budget and its attack on working families, minority communities, and many of our most vulnerable populations, like seniors and low-income individuals.
The Progressive budget rejects the President's ongoing occupation of Iraq that's costing taxpayers $12 billion, $12 billion each month. And the Progressive budget rejects the President's $200 billion cuts to Medicare and Medicaid that would raise premiums for our Nation's seniors and cut payments to the doctors and hospitals who serve them.
Our budget is different. It faces the poverty crisis in America head on, starting with redress and reconstruction for gulf coast victims of Hurricane Katrina. It is designed to reverse the Iraq recession by providing a vital stimulus to jump-start the economy. It is the only budget that brings common sense to national security by reinvesting the President's bloated defense funding request for the Pentagon, the highest since World War II.
The Progressive alternative will provide at least $551 billion for domestic, nonmilitary discretionary spending in fiscal year 2009, $131.9 billion above the President's request. As part of this increase in domestic discretionary spending, the Progressive Caucus budget also includes $73 billion to develop a sustained, coordinated, public private sector strategy that recommits America to a renewed war on poverty. This will cut the poverty rate in America in half in a decade. This goal is in line with H. Con. Res. 198, a resolution that I introduced which passed unanimously in the House in January.
We have budgeted the dollars to bring millions of children out of poverty by expanding the earned income tax credit for larger families and making the child tax credit fully refundable for any family earning more than $3,000. It will also finally begin to fully redress the continuing plight of the survivors of Hurricane Katrina.
Our alternative would provide the funds for the housing and the health care, education, and infrastructure investment, and the vital social services needed to bring people back to Louisiana and Mississippi.
Our budget would also immediately provide $118 billion to fund the most effective stimulus programs available to the government. We extend unemployment insurance, food stamp benefits, and critical Medicaid payments to States that will not only help keep State governments solvent, but keep more workers healthy and productive. The economic stimulus package will include assistance for low-income and unemployed people that were ignored by the first stimulus.
Additionally, the CPC budget provides foreclosure relief and includes new investments to rebuild our Nation's schools, fix our highways and bridges, and build new affordable housing. These initiatives will create jobs that will help keep more families in their homes.
Now, all of these vital programs will be a down payment on our rebuild and reinvest in America initiative. This long-term, sustainable project will create green jobs, reinvigorate our schools, and foster a new commitment to excellence in our students. We will repair our water, power, and transportation systems so that America cannot only compete in the global economy, but once again lead.
The Progressive budget also brings common sense to national security spending, providing $468 billion, which is $68 billion under the President's bloated request. Our budget cuts government waste, fraud, and abuse, and eliminates outdated and ineffective Cold War air weapons systems that were developed to fight an enemy that really no longer exists.
Most importantly, the CPC budget will end the occupation of Iraq by rapidly and safely redeploying our troops and military contractors. We have wasted far too much money on this occupation already, over a half trillion dollars to date. We cannot afford to spend another $3 trillion that some have estimated this will take.
So this budget achieves all these goals and brings the Federal budget, mind you, into budget by fiscal year 2012 and, upon the completion of our reinvest and rebuild America initiative, back into balance in 2018. I urge this body to reject the President's draconian cuts to vital programs for working American families and to support the CPC's alternative budget.
Mr. Chairman, I reserve the balance of my time.
I would like to yield 2\1/2\ minutes to the gentleman from Massachusetts (Mr. Frank), the Chair of the Financial Services Committee, who has had a very good handle on what it takes to bring our economy back.
I yield myself 30 seconds.
First of all, the Democratic budget does balance by 2012. The Congressional Black Caucus budget balances by 2012. The Congressional Progressive Caucus budget balances by 2012. There are people in this country making over $1 million, $1 million, and all that we do is we provide the tax cuts which will expire in 2010 for the people in our country who make over $1 million. That's the top 1 percent, mind you, 1 percent of taxpayers, and that brings us at least $222 billion.
I yield now 3 minutes to the gentlelady from California (Ms. Waters), who chairs the Housing and Community Opportunity Subcommittee of the Financial Services Committee and who has helped us put together this budget, especially the Rebuild America's Communities budget, who has worked on our housing issues, Katrina issues and so many issues for so many years. And this section of this budget is a remarkable section, and I hope everyone will listen to her so they can understand exactly what we did in our Progressive Caucus budget.
Mr. Chairman, I yield 3 minutes to the gentleman from Ohio, Congressman Dennis Kucinich.
Mr. Chairman, I yield 4 minutes now to the gentlelady from Texas, whose voice is heard loud and clear in terms of her priorities with regard to the Progressive Caucus budget, Congresswoman Sheila Jackson-Lee.
(Ms. JACKSON-LEE of Texas asked and was given permission to revise and extend her remarks.)
Mr. Chairman, I would like to yield 2 minutes to the gentlewoman from Texas (Ms. Jackson-Lee).
Mr. Chairman, I would like to now yield 4 minutes to the gentlewoman from California, a very active and strong member of the Hispanic Caucus (Ms. Solis).
Mr. Chairman, I would like to yield 2 minutes to the gentleman from Michigan, the Chair of the Judiciary Committee, Congressman Conyers, and thank him for his leadership.
Mr. Chairman, let me say a couple of things as I close in response to my colleagues on the other side of the aisle.
First, let me just talk about the argument with regard to tax increases. Our budget provides for tax fairness. We want to bring back some real justice in the Tax Code. Let me just say to you that the Progressive Caucus believes that individuals earning $1 million or more a year, which is the top 1 percent of our country, that those tax breaks should be rolled back, the tax bracket should be rolled back to 39.6 percent. That raises at least $96 billion. I finally think that that $96 billion can be put into restoring some of the very draconian cuts in our budget to initiatives such as education and health care which the President has cut.
Secondly, we're talking about repealing capital gains and dividends tax breaks raises at least $74.4 billion. I think that that $74.4 billion can restore the 50 education programs, including student financial aid, which the President has sought to cut. We also want to roll back the estate tax break, raising at least $74 billion. I think that that $74 billion can go to restore those deep cuts to highway infrastructure or, of all things he is slashing, support for law enforcement. I think that those resources could better be used in those areas.
Also, we're talking about in terms of repealing all additional tax breaks for the top 1 percent. That means we have $177 billion. Maybe that could go to help restore the energy assistance for low-income families that the President cut. Or maybe it could go to restore the renewable energy and energy conservation programs that the President decided to cut.
And what about this when you talk about tax increases? How about what we want to do to eliminate the corporate tax incentives for offshore jobs? The Tax Code has a number of preferences that directly or indirectly encourages, mind you, encourages United States companies to relocate operations and jobs overseas. How about using those revenues to create some jobs and to invest in job training programs which, of course, the President wants to cut in his budget? That makes sense to me. That's about fairness. That's not about tax increases.
We're not talking about increasing taxes on middle-income individuals. We're talking about tax fairness, restoring some tax fairness to the Tax Code. And I don't believe that anyone in our country, if they knew the bogus nature, I think, of this argument with regard to what all of us are trying to do to bring some fairness into the Tax Code, I think the American people would say, what is wrong with raising revenue from those making over $1 million a year? They actually didn't really support that tax cut when they received it, so what's wrong with creating jobs in our own country rather than giving tax breaks for sending jobs offshore? I don't think the American people see that as being the wrong way to use our tax dollars. I don't think that they would worry at all about us repealing some of these estate taxes and individual tax breaks for the 1 percent.
And so I think that when you talk about tax increases, we need to be honest and say what we're really talking about, and that's giving tax breaks, continuing to give tax breaks for the very wealthy while our young people, our children, our senior citizens, the poor, low-income, middle-income individuals are struggling to just manage to survive through this recession that has been created, yes, by many of these tax cuts, but also by this deep hole that we are digging in terms of the Iraq war and the Iraq recession.
I yield to the gentleman from Michigan.
In fact, this is a moral document. A budget should be a moral document. We have bipartisan support from Catholic Charities, from many faith groups, from many organizations around the country.
Mr. Chairman, I demand a recorded vote.
Mr. Chairman, I move that the Committee do now rise.