Pascrell Comments on President Bushs Tax and Budget Address to Congress
WASHINGTON - U.S. Rep. Bill Pascrell, Jr. (D-N.J., 8th) issued the following statement regarding President Bush's address to a joint session of Congress tonight, in which the President is expected to provide an overview of his budget and tax plan:
"Unless President Bush has a direct line to Nostradamus, his $1.6 trillion tax cut is precariously teetering on budget surpluses we cannot count on being there down the line. The President's plan is simply far too expensive and gives a disproportionate amount of the tax cut those who make almost $1 million a year. My Democratic colleagues and I are dedicated to providing responsible tax relief that primarily focuses on the middle class. As significant as any tax cut though, we must protect and strengthen Medicare and Social Security, increase our investment in education and provide for our national defense. The numbers just don't add up. To coin a phrase from President Bush, this is 'fuzzy math.'"