CONCURRENT RESOLUTION ON THE BUDGET FOR FISCAL YEAR 2016

Floor Speech

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Madam Chair, for the fifth year in a row, the Republicans have put forth a budget that devastates nondefense spending and dismantles Medicare, Medicaid, CHIP, and aid to college students. It gives a $200,000 tax break to the wealthiest Americans while imposing a $2,000 tax increase on working families. It abandons our critical national
infrastructure and the jobs it could create. The Republican budget makes a clear choice: billionaires and corporations before working Americans and seniors.

The Progressive Caucus people's budget offers a clear alternative. This budget creates 8.4 million jobs through investments in infrastructure, worker training, and clean energy. It repeals the devastating sequester cuts and gives the 46\1/2\ million Americans living in poverty a path back to prosperity. This alternative budget
puts an end to a system where CEOs pay a lower tax rate than their secretaries. It closes tax loopholes that allow corporations to avoid taxes on overseas profits and makes it harder for American businesses to set up shop in low-tax countries.

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It makes it harder for American businesses to set up shop in low-tax countries to lower their tax burden. It supports middle-class families through paid parental leave, childcare, and debt-free college. It proves that Congress can pass a budget that supports
working families and seniors, builds an economy that creates jobs and restores faith in the American Dream.

I urge my colleagues to invest in this country and its people. Support the people's budget.

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