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Floor Speech

Date: July 29, 2011
Location: Washington DC
Issues: Government Budget and Spending

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Mr. RUBIO. Mr. President, I oppose the motion to table the motion to concur in the House amendment to S. 627, the Budget Control Act of 2011. Although I do not support the bill as written, I believe that the Senate should proceed to it in an effort to amend the bill to include greater spending cuts, caps, and provisions which will boost our economy like progrowth tax and regulatory reform.

I strongly oppose the proposal put forth by Senate Majority Leader Reid. The bill is filled with accounting gimmicks and does nothing to encourage enactment of a constitutional balanced budget amendment--an essential step towards ending our unsustainable deficits and debt that enjoys bipartisan support in both Chambers of Congress. Amazingly, as our economy continues to struggle, the Reid proposal appears to assume a tax hike upwards of $3 trillion, which would kill jobs and impede efforts to grow the economy and reduce our staggering debt in the process.

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