Republican Budget Proposal

Floor Speech

Ms. SCHAKOWSKY. Today, the Republicans released their budget. Budgets are really moral documents, and Republicans have made clear that their moral compass puts hedge fund managers and big corporations ahead of America's middle class and senior citizens. Republicans gut education programs and investments in job creation, privatize Medicare, slash Medicaid, but leaving plenty of money to help subsidize big oil companies and to give tax breaks to those companies that put our jobs overseas.

There is another way. I have a bill that would create new tax brackets for millionaires and billionaires, still lower than those under Ronald Reagan, and would raise $74 billion in 2011.

We can bring down the deficit, and we can do it while protecting programs that create jobs and that don't further burden old people, the poor, and middle class Americans.

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