CONCURRENT RESOLUTION ON THE BUDGET FOR FISCAL YEAR 2005 -- (House of Representatives - March 25, 2004)
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Mrs. BLACKBURN. Mr. Chairman, I rise to thank the gentleman from Iowa (Mr. Nussle) for presenting a budget that cuts spending and continues the tax relief passed by Congress last year, and also to thank the gentleman from Texas (Mr. Hensarling) for his work on our RSC budget, which is the most ambitious of our efforts.
The RSC budget and the Budget Committee version differ in two areas: First, the deficit is cut in half within 3 years in the RSC budget, 1 year earlier than the committee-reported budget. It is $63 billion lower over the next 5 years as compared to the committee-reported budget; and while the committee budget does include measures to enforce the budget provisions, the RSC substitute includes the budget process reforms that are a critical first step to long-term change in how we spend.
The RSC budget includes elements of the Family Budget Protection Act to make it more difficult for future Congresses to bypass spending ceilings and allows appropriations savings to apply to tax relief or deficit reduction.
I call on my colleagues to vote in favor of the RSC budget amendment to make a major step toward fiscal responsibility.