I thank the distinguished Member from California for yielding. The concurrent resolution before the House reflects President Obama's bold vision for investing in America's future. Throughout the previous administration, a sustainable and…
I thank the distinguished Member from California for yielding.
The concurrent resolution before the House reflects President Obama's bold vision for investing in America's future. Throughout the previous administration, a sustainable and clean energy policy was ignored and our dependence on foreign oil grew. I am proud that this Congress has done more in the past 2 months to promote energy efficiency and combat global climate change than the previous administration accomplished in a full 8 years.
At the local level, I enlisted counties across the Nation to join Cool Counties, a program designed to reduce greenhouse gas emissions. Now is the time for the Federal Government to take similar action.
This budget increases investment in renewable energy and energy efficiency by 18 percent and provides for a clean energy policy that will safeguard our environment, our Nation, our economy, and create jobs. Through the use of a reserve fund, this budget makes significant energy investments in a deficit-neutral manner.
This Congress, through the American Recovery and Reinvestment Act, made almost $60 billion in energy investment--$39 billion in direct funding and $20 billion in tax incentives.
Our actions will modernize our electricity grid. The current grid is outdated, inefficient and unreliable. A smart grid will enhance energy efficiency, lowering energy bills and improving air quality. A 5 percent increase in the efficiency of the grid will eliminate carbon emissions equivalent to the emissions of 53 million automobiles.
This Congress, through the Recovery Act, invested in the weatherization of
millions of American homes, enabling families to better insulate their homes and lower energy bills, and we know that weatherization is among the most efficient ways of lowering our energy dependency on foreign oil.
Investment in energy independence will benefit our economy. Instead of relying on foreign countries to meet our energy needs, this budget will promote the creation of green jobs right here in America. Instead of losing manufacturing jobs, as we have over the past 25 years, we can add jobs in wind and solar power generation; in the manufacturing of advanced batteries; in weatherization programs; in the creation of the smart grid; in the expansion of broadband; and in hybrid vehicle production. Investment in clean energy, Madam Chairman, is an investment in the American worker. It creates jobs.
We must invest once again in America, in efficient automobiles and wind turbines. These investments will protect our climate and lay the groundwork for a new age of industrial expansion founded on technological innovation.
The energy investments that this budget enables fulfill President Obama's vision for clean energy independence and promote a healthy environment while strengthening our economy.
I urge my colleagues to support the budget resolution.
I'm hopeful that the gentleman will allow me to answer. Actually, he is misinformed. This budget actually cuts taxes by $2 trillion. It finances the AMT----
Sir, I'm not going to answer your question yes or no. I'm going to answer it thoughtfully as a member of the Budget Committee.
Madam Chairman, let me begin by thanking the chairman for the opportunity to discuss the House budget resolution. And I appreciate the chairman's willingness to work with me to include language in the budget resolution to support pay parity within the Federal workforce of our civilian and military employees.
Our men and women in uniform have distinguished themselves throughout history, particularly during this time of war; and, at the same time, we cannot forget the critical role civilian employees play in providing logistical support to our military as well as their important work on behalf of our taxpayers and essential government services.
I would also note that the House budget resolution lays the foundation to carry out President Obama's bold vision for fixing the American economy.
While advancing the major priorities of the Obama budget, the budget resolution is by definition a less specific document than the President's budget and, therefore, does not assume all of the specific offsets included.
For example, I have expressed concern about the President's proposals to cap tax deductions for mortgage interest and charitable deductions. Similarly, I and others believe the $250,000 threshold to allow families to qualify for tax cut extensions is too low. I am pleased, therefore, that the budget resolution does not assume any specific tax offsets to meet its revenue targets.
If I may ask the distinguished chairman of the Budget Committee two questions.
First, Mr. Chairman, does the chairman agree that the pay parity language included in the resolution provides equitable treatment for Federal employees, civilian and military?
I thank the distinguished chairman. On the issue of tax policy, might I ask the distinguished chairman, is it the case that the budget resolution does not specify particular tax offsets, but rather leaves that decision to the Ways and Means Committee?
I thank the distinguished chairman.
Let me close, Madam Chair, by thanking the chairman once again for his generous collaboration with me and my colleagues on this, my first budget as a member of the committee. Through his steady leadership, the budget resolution before the House today delivers the profound change in course and investments in America's communities for which my constituents have long been waiting.