Concurrent Resolution On The Budget For Fiscal Year 2008
This debate underscores the genuine change, the new direction that we are charting here in Washington. We are beginning to rein in these endless Republican deficits. The old Republican way of budgeting doesn't just crunch numbers, it…
This debate underscores the genuine change, the new direction that we are charting here in Washington. We are beginning to rein in these endless Republican deficits. The old Republican way of budgeting doesn't just crunch numbers, it crunches people. We are concerned not only about the fiscal deficit but the ``opportunity deficit'' that occurs in communities across this country when all the members of the community are unable to contribute their full God-given potential, when young people are unable to pursue higher education, when families are denied health care, when veterans are denied the services that they have earned.
There are two fundamental ways in which the Democratic approach to tax relief differs from our Republican colleagues. First, we believe it is possible to target tax relief to working, middle-class families without letting the super-rich piggyback along and claim most of the benefits.
Second, we say if tax relief is worth having, then pay for it. Instead of going to our grandchildren and borrowing from our grandchildren, we say go to the Grand Caymens. How about going to all those giant corporations that have dodged their fair share of taxes by going offshore and asking them to bear a little of the burden of our national security? So we provide the tax relief that our middle-class families need, but we do it in a fiscally responsible way.
Some people have imaginary friends. These Republicans have imaginary demons about what might eventually happen with taxes. This budget is a welcome return to reality, fiscal reality, and responsibility.
To those who are at home and are trying to determine who is right about these Republican claims of the demon of tax relief, I think we need only turn to a bipartisan group like the Concord Coalition, which looked at the budget, having no axe to grind except an axe used for cutting to achieve fiscal responsibility, and it said no tax increase will result from this budget.