Washington, DC – U.S. Representative Kevin Brady (R-Texas), the top House Republican on the Joint Economic Committee and a senior member of the House Ways & Means Committee, urged members of the Rules Committee tonight to approve his amendment to the extension of the Bush tax cuts that would offset spending increases in the bill.
“Preventing crippling tax increases from taking effect January 1 is critical to families, small businesses, seniors and America’s economy. The agreement provides $9 dollars in tax relief for each dollar in spending, but we can do better to reduce the deficit.”
Brady’s amendment is modeled after the amendment offered by Oklahoma Senator Tom Coburn which was offered on the Senate floor earlier today. It proposes $153 billion in spending cuts recommended by the President’s bipartisan deficit reduction panel.
“I urge House Democrats to allow a straight up-or-down vote in the House tomorrow as it considers this critical tax relief bill.”
Brady’s spending cuts include reducing the federal workforce by 10%, cutting congressional budgets by 15%, eliminating wasteful programs, selling off excess federal property, and eliminating funding for the Corporation for Public Broadcasting, among other cuts.