Congressman Sires Opposes the Republican Budget
(Washington, D.C.) – Today, Congressman Sires voted against the House Republican budget for Fiscal Year (FY) 2018 because it includes massive tax cuts for the wealthy while slashing vital services for the American people.
“I am extremely disappointed that my Republican colleagues have prioritized tax cuts for the wealthiest individuals and corporations over the needs of American families” stated Rep. Sires. “This partisan budget is a vehicle for the Ryan-McConnell Tax Plan to pass in the Senate through reconciliation – requiring only 51votes instead of 60. If that tax plan were to pass, it would provide massive tax cuts to the wealthy while increasing base rates for middle-class families and is predicted to increase the deficit by $2.4 trillion over 10 years.”
The Republican budget increases FY 2018 defense discretionary spending and provides funding to start constructing an expensive and ineffectual border wall. It also slashes nondefense discretionary spending for investments used to grow our economy in education, infrastructure, job training, and medical research while cutting Medicaid by $1.1 trillion, Medicare by $487 billion, and student loan aid by $211 billion all over 10 years.
“The Republican spending proposal makes it harder for students to obtain a higher education, destabilizes retirement and healthcare, and slows down our economic growth by cutting funds for infrastructure development and other job creating programs, all while ensuring the rich get a massive tax break” expressed Rep. Sires.
Congressman Sires instead supported the Democratic Alternative Budget Resolution which prioritizes investments in economic growth to create opportunities for American families by raising the minimum wage. It also includes comprehensive immigration reform and provides funding for national security and disaster relief to rebuild from Hurricanes Harvey, Irma, and Maria.