A question from Carl Turner of Mesquite, NV:
I wanted to ask the two members of Congress, including my own Representative, what is your opinion of the proposed budget deal? Is it a good balance or have the Republican given in on too much?
Rep. Gibbons responds:
The balanced budget agreement between Congress and the White House marks a truly historic occasion. Democrats and Republicans were able to put aside their differences, and for the first time in thirty years, a balanced budget is in sight. The real winners in this package are the American people. This agreement means lower taxes and interest rates for working families. There will be a positive impact on the family budget. The $500 per child tax credit will enable families to keep more of what they earn. The lower tax on capital gains will mean more jobs for the American people.
It is very important to note, however, that this is only an agreement in principle. At this point, nothing has been passed into law. I am cautiously optimistic that the terms agreed to during budget negotiations will be signed into law in the near future.
Rep. Carson responds:
The budget deal may seem like a cure-all on the surface, yet the generous tax cuts outlined in the budget are unwarranted. Tax cuts seem like good political policy, but in terms of balancing the budget, we need to look at ways in which we can cut the budget without exposing the most vulnerable of society to harm. For instance, the proposed budget deal will slow the growth of Medicare and Medicaid by $140 billion over the next five years. Yet the agreement will also supply $130 billion in tax cuts, including estate taxes and capital gains tax cuts. It seems to me if we are serious about reducing the deficit, we will look at ways to reduce our spending in a meaningful way without providing large tax cuts, most of which will benefit the most wealthy in our nation.
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