WASHINGTON, DC - House Democratic Whip Steny H. Hoyer (MD) delivered remarks on the House Floor today in opposition to the House vote on the Senate Republican budget, a vehicle for Republicans' partisan tax framework to cut taxes for the wealthy at the expense of the middle class and explode the deficit. Below is a video and a transcript of his remarks:
Click here to watch a video of his remarks.
“Mr. Speaker, I have been here, this is my thirty-seventh year. This is the most reckless and irresponsible budget that I have seen in the thirty-seven years that I have been here.
“Today we're considering the Senate's budget resolution. Not because the House supports it, but because it is just a vehicle to get partisan tax reform – strike that – tax cut.
“On an issue as consequential as tax reform, the Congress should not be rushing to meet self-imposed political deadlines without enough time to read and analyze its effects. More importantly, we should not be considering a bill to cut taxes that is partisan and that is as terrible as we are hearing the Majority's proposal will be.
“I say that because we still haven't seen the full details of a bill that this resolution provides for Republicans to jam through on an expedited process. One they will reportedly introduce, mark up, and bring to the Floor in a few legislative days we have left before Thanksgiving. Is the sunshine too bright for you?
“Even my friends on the other side of the aisle don't know exactly how bad it will be for their constituents. When asked about the details of the Republican bill, Representative Chris Collins, a Republican, from New York said, ‘We don't know. We don't know. We don't know. We don't know. We don’t know.’ That's a Republican Member of Congress who is saying he has no idea what this bill is empowering.
“But we do know based on a nonpartisan analysis of their framework, it will raise taxes on 47 million Americans. We know that 80% of the tax cuts will go to the top 1%. And we know as well that nearly half of all taxpayers with children – 44.5% – will see their taxes go up. Those same children will be on the hook for a $2.4 trillion cost. This is the biggest debt explosion of any bill that I have seen.
“Republican Representative Matt Gaetz of Florida summed up today's vote as being for a budget – hear this, my friends on both sides of the aisle – this is Matt Gaetz, Republican [of] Florida – summed up today's vote as being for a budget that ‘nobody believes in so that we have a chance to vote for a tax bill that nobody's read.’
“That's not what we should be doing. We ought to be working together to craft a bipartisan tax reform package that is revenue neutral. It will be the height of hypocrisy to say that you're for fiscal discipline and to vote for this budget.
“Let’s not risk our fiscal future and [the] economic security of our people. Defeat this resolution.”