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Public Statements

Concurrent Budget Resolution on the Budget, Fiscal Year 2014

Floor Speech

By:
Date:
Location: Washington, DC

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Mr. TOOMEY. Mr. President, I am not rising in opposition to this amendment because I oppose it. We Republicans don't want to raise taxes on low- and middle-income families because we don't want to raise taxes on anybody. But the irony of this is that this budget is an exercise in raising taxes on middle-income families. It is necessarily the case.

By the way, that is above and beyond the huge tax increases my colleagues imposed when they voted for ObamaCare--$1.2 trillion of tax increases, much of which lands squarely on middle-income families.

The fact is the President showed how he wants to raise taxes on the wealthy, and he has a plan that does that. It raises $600 billion. My colleagues have reconciliation instructions for $1 trillion. The difference is going to inevitably come from the middle class. We don't want that to happen.

I would suggest we will accept this amendment. We could accept it on a voice vote. But it doesn't change the central fact that the Democratic budget is all about raising taxes on middle-income families.

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Mr. TOOMEY. As we know, the ObamaCare bill raises taxes by $1.2 trillion. Much of that is on middle-income families. One in particular is a tax increase on people who incur and then deduct catastrophic medical expenses.

Imagine a woman slips and falls at home, is seriously injured, runs up huge medical costs which she pays for out her own pocket, and then on top of her personal and physical misery ObamaCare hits her with a double whammy by reducing the amount of medical expenses she is allowed to deduct. Who does this hurt? Disproportionately, middle-income taxpayers; 96 percent of these deductions are for people who earn less than $200,000. It adds up to $30 billion over 10 years. Madam President, 60 percent of these deductions are by senior citizens. The fact is the ObamaCare tax increase imposes this tax on people who can least afford it, the sick, elderly, middle-income folks.

My amendment repeals this ill-conceived tax on victims of catastrophic illness and repeals the reconciliation instructions in the budget.

I ask for the yeas and nays.

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