[Congressional Record Volume 153, Number 75 (Tuesday, May 8, 2007)]
[House]
[Page H4562]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




 DEMOCRATS TO COMPLETE BUDGET PROCESS THAT CONTINUES TO TAKE NATION IN 
                             NEW DIRECTION

  (Mr. COHEN asked and was given permission to address the House for 1 
minute.)
  Mr. COHEN. Mr. Speaker, this month the Democratic Congress will 
approve a final budget plan that, unlike the President's budget, will 
actually be balanced over the next 5 years, and we do it without 
raising taxes. Now the President likes to claim that his budget 
proposal achieves balance by 2012 and does not increase taxes, but 
that's simply not true. According to the nonpartisan Congressional 
Budget Office, the President's budget will still be running a $9 
billion deficit 5 years from now.
  The President's broken promises don't stop there. His budget would 
also cost middle-class families $247 billion in tax increases over the 
next 5 years under the alternative minimum tax, and $500 billion in 
taxes on employer-provided health insurance.
  Fortunately, Democrats rejected the President's budget. Instead, we 
restore fiscal integrity to our Nation, protect middle-income families 
from tax increases and actually reach balance by the year 2012. The 
American people asked us to take this Nation in a new direction, and 
our budget answers their call.
  And by the way, Mr. Speaker, give peace a chance.

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