U.S. Senator Tammy Baldwin Introduces Amendment to Prohibit Tax Cuts from Increasing the Deficit
"I just do not think it’s right to make the middle class pay for tax breaks for the top 1%..."
WASHINGTON, D.C. – U.S. Senator Tammy Baldwin has offered an amendment for the Fiscal Year 2018 budget votes that will happen in the Senate today. The Baldwin amendment would prohibit the Republican plan to cut taxes for millionaires and big corporations from increasing the deficit.
“Wisconsin families need a tax break and that’s what I’m working for. But this budget resolution fast tracks huge tax breaks for the wealthiest few, blows a huge hole in the deficit and puts Medicare and Medicaid on the chopping block to pay for it,” said Senator Baldwin. “I just do not think it’s right to make the middle class pay for tax breaks for the top 1% with rising deficits and cuts to Medicare and Medicaid.”
“The entire reason Reconciliation was created was for deficit reduction. For that special, protected, fast track process to be used to increase the deficit stands logic and its history on its head. It is past time to restore the Reconciliation process to its original purpose which was exclusively for deficit reduction. I applaud Senator Baldwin and her allies in this effort as truly fiscally responsible members,” said former Senator Conrad.
“The reconciliation process was designed to make it easier to advance legislation in order to address our nation’s fiscal challenges. It should not be used to rush through a bill to blow a hole in the deficit,” said Maya MacGuineas, President of the Committee for a Responsible Budget. “The amendment offered by Senator Baldwin would restore a shield to prevent reconciliation from being used to add to the debt. It is fiscal common sense and important especially now as lawmakers confront growing debt.”
Senators Angus King (I-ME), Mark Warner (D-VA), Sheldon Whitehouse (D-RI), Tim Kaine (D-VA), Chris Coons (D-DE), Ron Wyden (D-OR) and Chris Van Hollen (D-MD) have all cosponsored the Baldwin amendment.
Recent Press Releases by U.S. Sen. Tammy Baldwin
U.S. Senator Tammy Baldwin Statement on Senate Vote to Terminate President Trump’s Declaration of a National EmergencyMar 14th, 2019 by U.S. Sen. Tammy Baldwin
"Our Constitution is very clear that Congress has the power of the purse and President Trump can’t just steal the purse and spend money on whatever he wants."
U.S. Senator Tammy Baldwin Introduces Reform to Protect Health Care and Social Services Workers from Workplace ViolenceMar 14th, 2019 by U.S. Sen. Tammy Baldwin
Legislation creates standard requiring health care and social service employers to implement workplace violence prevention plan and protect employees from violent incidents
Senator Baldwin and Representative Pascrell Reintroduce Tax Reform to Close Tax Loophole for Millionaires and Billionaires on Wall StreetMar 13th, 2019 by U.S. Sen. Tammy Baldwin
President Trump broke promise to close tax loophole. Legislation would end carried interest tax loophole for Wall Street hedge fund managers