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Public Statements

Concurrent Resolution on the Budget for Fiscal Year 2014

Floor Speech

Location: Washington, DC


Mr. LEVIN. This Republican budget is tone deaf, the result of blind ideology. But, you know, I've been listening to what's been said so far today, and the Republicans say, but they don't say how. We've just heard, we know we can do it, but you don't say how.

So what we come up with on the Republican side is a mirage--and, I think, a dangerous one.

Let me give you have an example, talking about their proposals on taxes. Under their budget, the top rate is to be reduced from 39.6 percent to 25 percent. The AMT will be repealed. The corporate tax rate will be cut from 35 to 25 percent. But you won't find one syllable in the Republican budget on how all these tax cuts will be paid for. They don't identify a single tax policy that will end.

The Republican budget would mean a huge tax cut for the very wealthy--several hundred thousand dollars a year--and leave a nearly $6 trillion hole in the deficit that would lead to tax increases for middle-income families. That isn't balance. That's total imbalance. At the same time, Republicans propose cutting $3.3 trillion from programs for people with low or moderate incomes, including hundreds of billions of dollars from food nutrition and Medicaid programs.

So I want to end by asking when the Republicans come and talk about their tax proposals, name a specific that they would address. It's not in the Republican budget. Name one, name two, name three. Otherwise, it's worse than empty.


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