Conference Report On S. Con. Res. 70, Concurrent Resolution On The Budget For Fiscal Year 2009
Mr. Speaker, I support this conference report and urge its approval. It deserves support for many reasons, beginning with its very existence--if it is approved we will have a final budget resolution in an election year for the first time…
Mr. Speaker, I support this conference report and urge its approval.
It deserves support for many reasons, beginning with its very existence--if it is approved we will have a final budget resolution in an election year for the first time for nearly a decade.
To govern is to choose, and one of the most basic responsibilities for those who want to be entrusted with positions of leadership is to make hard choices. This year, Chairman Spratt and his Budget Act colleagues--and their counterparts in the Senate--have demonstrated real leadership and have reached agreement on a conference report that will enable us to make the choices needed to keep us on a responsible budgetary path.
This conference report will make it possible for us to provide tax relief for the middle class; make needed investments in energy, education, innovation, and infrastructure; and to properly support our troops and veterans. And it does so while maintaining fiscal responsibility, because it complies with a strong pay-as-you-go rule and makes it possible to return the budget to surplus in 2012 and 2013, without raising taxes.
One of its best features, in my opinion, is the way it encourages investment in new businesses and industries that focus on renewable energy, clean fuel technology, and energy efficiency. This will create jobs, reduce our dependence on foreign energy, strengthen the economy, and ultimately help with high energy costs for consumers.
It also rejects the President's budget cuts to energy programs by providing for significant increases in programs such as weatherization assistance, renewable energy, and energy efficiency; and includes a deficit-neutral reserve fund for energy legislation.
It also will enable us to continue working to retain and expand a skilled, technologically literate workforce and a strong research and development base. It provides for increasing funding for the Department of Education, and the National Institutes of Health. It also allows for more funding for science, space, and technology programs.
In addition, it sets the stage for much-needed investment in our nation's infrastructure, including more than President Bush has proposed for discretionary transportation accounts as well as full funding of Highway and Transit programs as authorized in the highway bill and funding for the Airport Improvement Program. All these are very important for Colorado, where the pressures of population growth have put severe strains on our highways, roads, and airports.
As a Member of the Armed Services Committee, I am particularly glad to be able. to support the conference report because it will enable us to provide the funding we need for national defense and to address the most critical threats facing our nation. It places a higher priority than the President's budget on programs such as Cooperative Threat Reduction and other nuclear nonproliferation programs, and on improving the quality of life for our troops and their families.
The conference report also recognized the need for higher funding levels for homeland security while rejecting the President's proposed cuts in law enforcement, the COPS program, firefighters, and other first responders.
And it takes an important step to help veterans get the quality health care they need and deserve by providing $3.3 billion more in discretionary funding for 2009 than the President's budget and $39 billion more over five years for veterans programs.
Similarly, it strengthens the safety net for those families most in need, allowing for more funding for home energy assistance (LIHEAP), for children's health, for nutrition assistance for women, infants, and children and for the Social Services Block Grant. And it accommodates legislation to reauthorize and expand the trade adjustment assistance program and to improve unemployment insurance.
Finally, Mr. Speaker, it is important to note that despite claims to the contrary, the conference report does not include any tax increases--in fact, it supports significant tax relief, including continued marriage penalty relief, child tax credit, and the 10 percent bracket, and provides for an additional year of tax relief for more than 20 million Americans who would otherwise be subjected to the Alternative Minimum Tax.
Nonetheless, some of our colleagues will object that it does not provide for making permanent all the tax cuts enacted since the Bush Administration took office. I supported
some of those cuts--including the 10 percent tax bracket, the increased child credit, and relief from the marriage penalty--all of which should be made permanent, but this conference report is not the place for an all-or-nothing approach to the entire list. We will have time later to consider which of the rest of President Bush's tax cuts should be extended.
Consistent with that more responsible approach, this conference report allows for only a small increase in revenues above the levels assumed in the President's budget--an increase that can be accomplished through closing loopholes that enable some corporations and affluent taxpayers to take advantage of offshore tax havens, and by doing a better job of collecting taxes that are already due under current law.
Mr. Speaker, seven years of fiscal irresponsibility have left a legacy of deficits and debt that it will take time and work to overcome. But the sooner we begin, the sooner we will complete the job of restoring fiscal responsibility and reordering our national priorities--and now is the time to take an essential step forward by approving this conference report.