Ms. McCOLLUM. Madam Speaker, I rise in opposition to the so-called National Security and Jobs Protection Act. This legislation is another attempt by House Republicans to force severe spending cuts that would harm middle class families, while protecting tax breaks for millionaires.
This bill is an election year talking point, not a genuine solution to preventing massive across-the-board budget cuts looming in January 2013. The nonpartisan Congressional Budget Office determined this legislation would do nothing to prevent budget sequestration. H.R. 6365 cannot take effect unless a separate bill implementing the policies of the House Republican Budget becomes law. The House Republican Budget turns Medicare into a voucher program, runs deficits for 29 years, provides trillions of dollars in additional tax cuts to millionaires and billionaires, and forces layoffs for thousands of police officers, fire-fighters, and teachers. President Obama and the Democratic Senate would never impose such a radical and destructive plan on America's families and communities.
The American people should be thankful H.R. 6365 will never become law, since it embodies the same flawed policies as the House Republican Fiscal Year 2013 Budget Resolution. It seeks to replace the budget sequester House Republicans originally supported with cuts to America's women, children, seniors, and middle class families. H.R. 6365 insulates the Defense Department from spending reductions even though the Pentagon's budget doubled over the past decade and the war in Iraq is over. H.R. 6365 refuses to ask millionaires and billionaires to share the sacrifices it demands of middle class families.
The budget sequester must be prevented from taking effect. House Democrats are ready to compromise and vote to replace the sequester with a balanced deficit reduction plan that includes a combination of spending reductions and revenue increases. Every mainstream economist agrees this is the only approach that will reduce long-term deficits and avoid plunging the economy back into recession. Regrettably, the bill on the floor today chooses ideology over compromise and prolongs the wait for the solutions our economy needs to grow and create jobs.
I urge my colleagues to oppose H.R. 6365.