Lowey Statement on Balanced Budget Amendment
WASHINGTON, DC – Congresswoman Nita Lowey (D-NY17/Rockland-Westchester), Ranking Democrat on the House Appropriations Committee, today issued the following statement regarding the Republican balanced budget amendment scheduled for a Thursday vote in the U.S. House:
“Republicans blew a nearly $2 trillion hole in the debt with a tax law that overwhelmingly benefits the very-highest income Americans and corporations at the expense of the middle class and disproportionately hurts New York. Now, with the hollowness of their so-called fiscal responsibility fully exposed, the Republican majority is trying to save face by holding an empty vote on a measure that has no chance of becoming law.
“Let me be clear: This is a dangerous pretext by the majority to enact deep and devastating cuts to domestic safety nets like Medicare, Medicaid, and Social Security in order to pay for their massive tax giveaways. If enacted, this measure would upend the health and financial security of the many millions of Americans who depend on these programs and would further dampen the nation’s fiscal outlook.
“Further, the majority’s amendment would undermine discretionary investments critical to our security and prosperity. Congress has a responsibility to invest in priorities to strengthen families and communities, create jobs, and grow the economy, as we successfully did with the bipartisan Omnibus appropriations bill recently enacted. A Constitutional amendment would inhibit Congress’s ability to meet evolving and urgent challenges.
“Adding nearly $2 trillion to the national debt with a massive tax giveaway to corporations and the very wealthiest, then turning around and targeting investments in the priorities of American families under the guise of fiscal responsibility, is the height of hypocrisy.”