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Concurrent Resolution on the Budget for Fiscal Year 2007

By:
Date:
Location: Washington, DC


CONCURRENT RESOLUTION ON THE BUDGET FOR FISCAL YEAR 2007 -- (House of Representatives - May 17, 2006)

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Mr. CUMMINGS. Mr. Chairman, I rise today in opposition to the FY 07 Republican Budget Resolution, H. Con. Res. 376, and in support of the Congressional Black Caucus Budget Substitute.

Mr. Chairman, the Republican Budget sets a record--not for balancing the budget, lowering the deficit, or reducing our reliance on foreign debt--but for exceeding the callousness evident in President Bush's Budget for America. This ``compromise'' is devoid of direction, balance and compassion.

It slashes K-12 programs, job training, Community Development and Social Services Block grants. It cuts veterans health care, the homeland security function; mandatory student loan spending and programs that help feed low-income elderly, mothers and children.

The sad truth is that all of these cuts are the sacrificial lamb for tax cuts for the wealthiest 1 percent of Americans. While many Americans are struggling under mounting debt and our country faces record deficits, this Budget funds another shameless $228 billion in tax cuts over 5 years.

The CBC Alternative Budget offers a real budget for all Americans. It would balance the budget, restore pay-as-you-go principles and restore funding to critical programs; not by creating deficits, but by rescinding the tax cuts for those making over $200,000, eliminating corporate tax incentives and closing corporate loopholes--all while eliminating waste, fraud and abuse.

I urge my colleagues to support the CBC Alternative Budget, which represents a return to fiscal discipline and responsibility and focuses our spending priorities on ALL Americans.

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