Statement on Republican-Sponsored Bill H.R. 4241: the Deficit Reduction Act
Republican Budget Reconciliation Cuts Irresponsible

November 18, 2005

H.R. 4241, a $50 billion package of spending cuts, is the Republican-controlled House's effort to confront what has become the largest budget deficit in our nation's history. However, the cuts are deep and irresponsible.

Most troubling, all of these reductions will offset the tax cuts that George Bush and the Republican-controlled Congress insist on pursuing, and will do nothing to trim our deficit. Even with these cuts, the deficit will increase by more than $100 billion, primarily because the President continues to seek additional tax cuts.

To learn more about this bill, click here for a downloadable PDF document.