Concurrent Resolution On The Budget For Fiscal Year 2006
Mr. Chairman, I thank the gentleman from South Carolina (Mr. Spratt) for yielding me time. At some point tomorrow, the Congressional Black Caucus will be introducing an alternative budget which we will discuss in detail. Unfortunately, we…
Mr. Chairman, I thank the gentleman from South Carolina (Mr. Spratt) for yielding me time.
At some point tomorrow, the Congressional Black Caucus will be introducing an alternative budget which we will discuss in detail. Unfortunately, we have been allotted only 20 minutes on our side to discuss the details of that proposed, budget and I am delighted that the Committee on the Budget has seen fit to provide us a little bit more time this evening to discuss some of the benefits we believe will enure if the Congressional Black Caucus Budget is adopted.
We will be asking the Members of our House of Representatives to make some basic choices because we believe that a budget is about making choices. There are two choices in particular we will be asking them to consider: Would you rather provide a tax cut to people who make more than $200,000 per year, or would you rather spend approximately $30 billion dollars that you would save if you did not provide that tax cut on a series of things that would benefit our community and have a substantial potential of closing some of the disparities and gaps that have existed for years and years between African American citizens and white citizens in this country?
The second question we will be asking will be: Would you rather spend $7.9 billion on a ballistic missile defense program which has been tested time after time after time and has failed all of those tests, or would you rather spend that $7.8 billion on providing more security to our troops, body armor, personnel support equipment, and other protective gear for our troops, and providing more benefits to our veterans in this country?
This is a basic choice that we at this point need to debate. Our budget that we will be submitting and detailing tomorrow morning when we offer the Congressional Black Caucus substitute budget will ask Congress, What are your priorities?
That is what budget-making is about. And there is no trickery here. It is
straightforward, and we will be asking our Members to make those choices.
Mr. Chairman, I thank the gentleman from South Carolina (Mr. Spratt) and the gentleman from Iowa (Chairman Nussle) for providing the Congressional Black Caucus a little extra time to talk about the CBC budget, and I want to summarize what our proposed budget which we will be introducing tomorrow will do.
It will roll back the tax cuts on people with adjusted gross incomes that exceed $200,000 per year. Most of the revenue raised in the CBC budget will be used to address disparities in America's communities. A substantial portion is reserved to reduce the deficit.
On the military side, we would roll back $7.8 billion in ballistic missile defense spending leaving using $1 billion for research to continue regarding the ballistic missile defense system. All of these funds are spent on other defense items to support our troops, homeland security needs, and veterans program and benefits. The total for defense, homeland security, and veterans is equal to the Republican budget.
The bottom line is that the CBC budget addresses critical domestic challenges and supports our troops. The CBC budget reduces the deficit by $167 billion compared to the House majority's budget over the next 5 years. This fiscal responsibility is rewarded by a reduction of $27 billion in interest payments, compared to the House majority's budget over that 5-year period. We will have a responsible budget, and I look forward to having the support of our colleagues in this body and look forward to discussing the proposed CBC budget in more detail tomorrow when our substitute is presented to the House.
Mr. Chairman, I thank the gentlewoman for yielding me time.
Let me just go through some of the things that the Congressional Black Caucus budget will do in various areas. We are planning to submit this budget tomorrow, and we will be adding an additional $1 billion in the international affairs category for foreign aid to Africa and the Caribbean, Global AIDS Initiative in the State Department, Public Health and Preventable Illness initiatives.
We will be adding half a billion dollars in general science, space and technology in the following areas: NASA Research and Development, NASA Space Shuttle Safety, restore research and development funding for the National Science Foundation, Department of Energy. We will be adding an additional $50 million in the natural resources and environment, historically black colleges and university preservation program.
We will be adding $300 million in the agriculture budget in support of the 1890 land-grant historically black colleges and universities, expanded food and nutrition education programs, the U.S. Department of Agriculture Office of Civil Rights. And we will be restoring and modifying some of the Draconian cuts in agriculture programs that affect minorities in particular.
We will be adding $1 billion in commerce and housing credit for SBA loan programs, the 7(a) program, Microloan, and New Market Venture programs, adult training and dislocated worker programs, Manufacturing Extension Partnerships, home ownership initiatives.
We will be adding $150 million in transportation, most of which will go to Amtrak. We will be adding $1.5 billion to community and regional development to restore the cuts that have been proposed by the President in the Community Development Block Grants, increased funding for Brownfields Economic Development, Empowerment Zones, community development, financial institutions, economic development assistance.
We will be adding $23.9 billion in education and training with which we will fully fund the No Child Left Behind. That is $12 billion to fully fund No Child Left Behind.
We will be adding $50 million to elementary and secondary school counseling, vocational training, job training, adult education, Pell grants, Head Start, Individuals With Disabilities, IDEA, Historically Black Colleges and Universities, Hispanic Serving Institutions, TRIO, Gaining Early Awareness of Readiness. That is the GEAR-UP program, restoring that. Perkins loans, impact aid.
In the area of health we will be adding $1 billion. In the area of Administration of Justice we will be adding $1 billion. And over on the defense side we are going to be adding money for body armor, personal support equipment, and other protective gear for our troops, ammunition for the Marine Corps, small arms for the Army. We will be adding $4.65 billion for veterans programs, veterans health care, survivor benefit plans, disabled veterans plans, prosthetic needs for veterans, VA medical and prosthetic research, mental health care for veterans. And we will be adding $2 billion in homeland security for rail security and port security.
Now, you are wondering how can the Congressional Black Caucus do all of this? It is simple. Simply roll back the tax cut on people who make above $200,000 a year. And all we are saying to our Members in this body is that these things that I have just described are much higher priorities. Even to people that I know who make more than $200,000 a year, they think these things are higher priorities than getting a little extra tax cut. And I just entreat my Members to please support the Congressional Black Caucus budget. It is a sane budget. It is good.