Concurrent Resolution On The Budget For Fiscal Year 2018
Mr. Chair, I rise today in opposition to the fiscal year 2018 Republican budget resolution, a budget that comes nearly 6 months late and days into the new fiscal year. This Republican budget betrays millions of hardworking middle class…
Mr. Chair, I rise today in opposition to the fiscal year 2018 Republican budget resolution, a budget that comes nearly 6 months late and days into the new fiscal year. This Republican budget betrays millions of hardworking middle class families, while showering billionaires with irresponsible tax cuts.
By cutting $211 billion over the next 10 years for student loans and college aid, it makes it harder to send our kids to college. It abandons our Nation's crumbling infrastructure by cutting $245 billion over 10 years for transportation. It turns its back on families putting food on the table with SNAP by cutting $150 billion from the program over the next 10 years. It neglects our grandparents and our seniors with a $487 billion cut to Medicare in the next decade, and it assumes the repeal of the Affordable Care Act, leaving over 20 million Americans uninsured.
I offered two amendments during the markup of this budget--one to fully fund programs for our veterans, and another to reject paying for a border wall--both of which were blocked by my Republican colleagues.
This budget boosts defense spending to $622 billion, $72 billion above the budget cap for defense and well over even the President's request, and it underfunds nondefense spending at $5 billion below the cap.
At the same time, Republicans have included instructions to fast- track a tax proposal that would add trillions to our Nation's deficit-- trillions. It would end almost all itemized deductions, and according to the Tax Policy Center, increase taxes for roughly one in four taxpayers.
Mr. Chair, this budget completely ignores a balanced approach to achieving fiscal sustainability and stacks the deck even higher against middle class families, seniors, and students.
Mr. Chair, I reject today's Republican budget and ask my colleagues to oppose it.