OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Concurrent Resolution on the Budget for Fiscal Year 2025

Floor Speech

Date: April 9, 2025
Location: Washington, DC

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Mr. PANETTA. Mr. Speaker, I rise in opposition to this disastrous, debt-inflating budget resolution. Despite what the majority is saying today, it is a resolution that inflates our debt and deficit. It will hide the cost of tax cuts for billionaires, and it threatens our economy.

Mr. Speaker, it is a resolution that gives the majority a green light to selectively choose the score of a Republican tax cuts bill. It is a resolution that pretends that tax costs nothing. It is a resolution that would do damage to our Nation's finances and add $4.6 trillion to our Nation's debt.

Experts across this political spectrum have called this dishonest, fabricated scorekeeping, and it undermines the point of budget rules.

That is why I introduced an amendment to this resolution so that the Senate uses real estimates to determine its cost.

Instead, they are going to write themselves a blank check to be paid by the American people and to be paid by our children. That is why I oppose this and I ask my colleagues to oppose this resolution, as well.

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