Concurrent Resolution On The Budget For Fiscal Year 2013
Mr. Chair, I rise today to strongly oppose the Republicans' budget proposal. I remain committed to creating jobs, expanding health care coverage, and promoting education, but this budget signals that the Republicans do not. In fact, this…
Mr. Chair, I rise today to strongly oppose the Republicans' budget proposal. I remain committed to creating jobs, expanding health care coverage, and promoting education, but this budget signals that the Republicans do not. In fact, this budget seems designed to have devastating effects on American families and businesses, and would dramatically damage our nation's improving economy. This legislation makes significant cuts to social programs and investments in education, destroys American jobs, and represents the latest in a series of Republican attacks on Medicare.
Although our economy is recovering from years of misguided policies, many Americans are still struggling to make ends meet. Gas prices have skyrocketed in recent months. Quality health care and education are becoming more expensive for the average American. Families are fighting to save their homes from foreclosure and escape from under mountains of debt.
Instead of focusing on these important issues, Mr. Ryan and the Tea Party have developed a budget that dramatically undermines the social safety net that so many Americans depend on. I believe that budgets are reflections of our values--and it is clear from this proposal that Mr. Ryan and the Tea Party do not possess the same values as ordinary Americans.
By turning Medicare into a voucher program, this budget would effectively end Medicare as we know it, and shift thousands of dollars of health costs onto seniors. But gutting Medicare is not enough for the Republicans. The Ryan budget would also cut more than $1 trillion from Medicaid, and endanger health care coverage for over 60 million Americans, including low-income children, pregnant women, nursing home patients, and persons with disabilities.
This budget also demonstrates the Republicans' lack of commitment to investing in America's youth. By proposing to cut funding for education by 45 percent, it is clear that the Republicans do not understand the importance of investing in education, and in science, technology, engineering, and math in particular, to ensure our nation's competitiveness in the
global economy. At a time when states are drastically reducing their education budgets--including my home state, which recently cut funding for education by $5 billion--the Republicans' budget attacks critical initiatives ranging from extra reading and math help for low-income students to much-needed financial aid for college. If Mr. Ryan and the Tea Party get their way, in 2014 nearly 10 million students would see their Pell Grants fall by more than $1,000 dollars, and 200,000 children and their families would no longer be able to participate in Head Start.
In my 16 years proudly representing the people of my district, this is by far the worst piece of legislation that I have seen. Mr. Ryan and the Tea Party have once again put forward a budget to benefit the wealthy and special interests groups at the expense of middle-class Americans, seniors, veterans, and children. While this budget provides huge tax cuts for the richest one percent of Americans, it does nothing to stimulate the economy nor create jobs, and would adversely impact the Hispanic community and the residents of my district.
This budget yet again shows how out of touch the Republican Party is with the lives of ordinary Americans. Instead of focusing on creating jobs and putting Americans back to work, it extends the Bush tax cuts-- which I voted against and continue to oppose--for the wealthiest Americans, and provides millionaires and billionaires with an average tax cut of $150,000. To put this amount into perspective, $150,000 would pay for: one years' worth of savings for a senior in the Medicare prescription drug ``donut hole'' ($600); one school computer lab ($40,000); one year of medical care for a veteran returning home ($8,945); one grant for medical research on chronic diseases ($50,000); one tax credit to make a year of college more affordable ($2,500); one firefighter, police officer, or first responder kept on the job ($42,000); and one college student receiving the maximum Pell Grant ($5,550).
In today's economic climate, we don't need more subsidies for big oil and bigger tax loopholes for hedge fund managers on Wall Street. Yet, the Republicans have put forward a budget that provides huge tax cuts and subsidies for the mega-rich and corporations, while utterly failing to support vital investments in education, job training, research and development, and our nation's crumbling infrastructure.
For these reasons, I strongly urge my colleagues to oppose this ideological, radical budget, and stand firm in support of job creation, health care, and education for all Americans.