Whip Hoyer Discusses the Republican Budget on CNBC

For Immediate Release:

March 28, 2012

Contact:

Katie Grant, 202-225-3130

WASHINGTON, DC - House Democratic Whip Steny H. Hoyer discussed the Republican budget today on CNBC "Squawk Box." Below are excerpts and a link to the video.

Click here to watch the video.

“They have offered a budget that is somewhat a reprise of last year's. It savages Medicare, turns the guarantee into a higher cost, problematic benefit. We don't think that's what the American people want. Secondly, it makes again the tax disparities between our people even greater. It shifts resources from the middle class and poor to the wealthiest in America. It gives $150,000 additional tax cut to millionaires and doesn't say how you're going to pay for that, $10 trillion in additional tax cuts, which clearly means you're going to explode the deficit even more. They pretend they will cut out preference items. They also in that process severely undermine investments in our future, investments in education, investments in research, investments in growing jobs, investments in infrastructure. Clearly, with the result of diminishing the quality of our society in the long run, and don't get to balance.”

“I think what you'll see today and tomorrow in the budget debate is a debate about a Republican proposal that nobody, including I can't believe any realistic Republicans, believes, even if they control the Congress, would become law because of the actions that it takes that do not balance the budget, are not balanced, savage the economy, undermine the middle class and put seniors at great risk.”

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