Luján On Tax Legislation That Adds Billions In Debt

U.S. Rep. Ben Ray Luján
Washington, D.C. – U.s. Rep. Ben Ray Luján of New Mexico’s Third District released the following statement Thursday Dec. 17 after voting against legislation to extend numerous tax breaks at a cost of $622 billion.

“This legislation extends many important provisions of the tax code that I have long supported, but it is disappointing that Congressional Republicans brought a bill to the floor that fails to pay for even one cent of these tax cuts. Time and again, House Republicans have sought cuts to investments in education, infrastructure, health care, and our labs, arguing that the United States must reduce its deficit. But when it comes to permanent tax cuts that will add $622 billion to our debt over the next ten years and close to $2 trillion over twenty years, House Republicans’ concern over the deficit goes right out the window.

“This legislation will set the table for Congressional Republicans to claim we need another round of deeper spending cuts – another sequester – like the ones we’ve seen hurt New Mexico’s economy. The American people will have to pay for these tax cuts one way or another, either by sending the bill to our children and grandchildren or through spending cuts elsewhere. Given Republicans’ track record, the cuts will come from Medicare, Social Security, Head Start, and more programs that help New Mexicans get ahead.”