Sen. Joseph Biden (D-Del.) introduced an amendment to the emergency supplemental appropriations bill that would eliminate tax cuts in order to pay for the war effort in Iraq. Biden attacked the President's tax policies.
It is a record of indifference to the price our children and grandchildren will pay to redeem our debt when it comes due. It is time for us to call a halt to this irresponsibility. It is time for us to pay for the choices we make. It is time to pay our bills.
Last year alone, millionaires collected an average tax cut of $103,000 from the breaks enacted since 2001. With the new breaks set to begin this year, more than 99 percent of Americans will get nothing, zero, zip, zilch -- it will all go to the top one percent. This is the cherry on top of the whipped cream for the most blessed among us.
My amendment says: No more of these giveaways until we can pay our bills, meet our responsibilities, face up to our own duties. If we miss the chance to take this small step back toward fiscal sanity, if we mock the sacrifice of our troops with gold-plated giveaways to those from whom nothing is asked and to whom so much has already been given, shame on us.