WASHINGTON, DC – House Democratic Whip Steny Hoyer (D-MD) released the following statement today regarding reports that House and Senate GOP leaders would write two tax reconciliation numbers into the Budget Resolution for Fiscal Year 2004:
“The idea that House and Senate GOP leaders would write two tax reconciliation numbers in the budget – $550 billion for the House and $350 billion for the Senate – is not only a cry of desperation by our Republican friends, but also an outrage and a farce! And Republicans have no one to blame but themselves.
“House Republicans so overreached in their budget for next year – demanding $726 billion in unaffordable and irresponsible tax cuts while also slashing funding for veterans’ health care, school lunches and other priorities – that they have ignited an intra-party battle between those who retain some sense of reality and responsibility and those who apparently live in a fantasy world where the bills never come due.
“Majority Leader Tom DeLay suggested in press reports today that some Republicans may reject the budget resolution if it fails to include most of the President’s tax proposals. He even said: ‘It would not be the worst thing in the world to not have a budget resolution.’”
“My, oh my, how Republicans have changed their tune. Just one year ago, they hammered Senate Democrats without mercy for failing to pass a budget, and now they say that’s not such a bad idea after all.
“The Grand Old Party really ought to be renamed the ‘All Gain, No Pain Party’ because its solution to every problem facing this country can be summed up in two words: tax cuts. Such political pandering may prove popular but it’s shortsighted and, in the long term, a recipe for fiscal disaster. With our nation at war, with a projected record budget deficit, and with Republicans poised to ask for an increase in the debt limit, we need to get our fiscal house in order.”