Senate Dem Jokes About Making History By Proposing A Budget For First Time In Four Years
“I understand we have a new pope and a committee hearing to mark up a budget; that’s history twice, so that’s good,” Murray quipped at the outset.
Murray, who irritated Republicans by not releasing her budget until after the hearing, proceeded to review the Clinton presidency to make the case for raising $975 billion in tax revenue by “closing loopholes” and increasing by $2.1 trillion over the next ten years.
“If this budget passes, the total deficit reduction since the Simpson-Bowles report will consist of 64 percent spending cuts, 14 percent tax rate increases on the rich, and 22 percent new revenue by closing loopholes and cutting wasteful spending in the tax code for the wealthiest Americans and biggest corporations,” she said in her opening statement, adding later that her budget would “tackle our deficit responsibly, reinvest in the middle class, build a strong foundation for growth, and restore the promise of American opportunity.”
Murray’s budget, like her joke, went over with Republicans like a lead balloon. “The blatant unwillingness of Senate Democrats to write and pass a budget for the federal government is not a joke,” a Senate Republican aide responded. “It has led to the highest annual deficits on record, which will have to be paid for by future generations of Americans. I wonder how funny Sen. Murray’s grand-kids will find it when they’re paying a trillion dollars in annual interest payments?”
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