Jon Corzine on Budget & Economy

Democratic Jr Senator (NJ)

Will not vote for any bill that will put us into deficit

I have pledged that we will not go into deficit spending, unless we enter into a recession, when the automatic stabilizers in our economy for unemployment insurance and other things kick in to cause that. I will not vote for any bill that will put us into deficit. Furthermore, I won’t vote for any tax increase, except possibly with regard to tobacco taxes, in the first six years that I am in the Senate. And the whole idea that we’re going to have $1.8 trillion in tax cuts [would] leave us with no ability to pay down the debt, no ability to do the things that I think the voters of New Jersey would like to see us invest in. Investing actually will lead to progress and prosperity as we go forward, and I think it’s absolutely essential that we have a sound, prudent fiscal policy. I know what real numbers are. I’ve been working with them for 25 years in the private sector, putting together budgets, making them work, showing up and making sure that you’re held accountable for them. Source: NJ Senatorial debate with Rep. Bob Franks Oct 9, 2000

Voted NO on $40B in reduced federal overall spending.

Vote to pass a bill that reduces federal spending by $40 billion over five years by decreasing the amount of funds spent on Medicaid, Medicare, agriculture, employee pensions, conservation, and student loans. The bill also provides a down-payment toward hurricane recovery and reconstruction costs. Reference: Work, Marriage, and Family Promotion Reconciliation Act; Bill S. 1932 ; vote number 2005-363 on Dec 21, 2005

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