Concurrent Resolution on the Budget for Fiscal Year 2006
CONCURRENT RESOLUTION ON THE BUDGET FOR FISCAL YEAR 2006 -- (House of Representatives - March 17, 2005)
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Mr. BISHOP of Georgia. Mr. Chairman, I rise in support of the CBC Budget, a common-sense framework that embraces our values, that focuses on fiscal discipline and that invests in our nation's future.
To be frank, the budget that President Bush presented us with is a betrayal of the trust that is placed in us as legislators. It violates the commitments that we have made to our children, to our veterans, and to our farmers and it does so while amassing mountains of debt, that we have no means of repaying.
I stand in support of the CBC Budget because it is a fiscally responsible alternative that targets the disparities that plague our communities and puts our priorities where they belong. It lowers the astronomical budget deficit, by eliminating corporate tax loopholes and abusive tax shelters at the same time that it lowers tax cuts for individuals making more than $200,000 a year.
This adjustment would restore an estimated $36.3 billion in FY 2006, including nearly $4 billion for deficit reduction. We will fully fund No Child Left Behind; build and repair schools; increase investment in job training and job creation programs. We will not slash community and regional development programs, rather we will continue to invest in housing for those who need assistance. We provide funding for child nutrition programs, community health centers, NASA research and development, Amtrak, Hope VI and Section 8 housing programs, and housing for the disabled and the elderly. And we keep our commitments to our nation's farmers who are depending on us to keep the promises that we made in the 2002 Farm Bill.
Additionally, the CBC Budget allocates funding for Veterans and Defense above the president's requested level, to support our troops in Iraq and Afghanistan, bolster our homeland security needs, and fully fund our veterans programs and benefits.
Mr. Chairman, I believe in fiscal responsibility. I believe that in times of national and fiscal crisis, sacrifices need to be made. But, I also believe that they need to be made by all Americans. It is unfair to scale back government programs that benefit hard working families in order to fund tax cuts that most benefit the wealthiest of Americans. We all need to make sacrifices, but we must also keep our priorities straight.
I believe that the CBC Budget does just that.
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