The bottom line is we would not have a budget agreement if Democrats were not willing to accept some of these tax breaks. This was the main win that the Republicans demanded. Though it Is a bitter pill for some. in my view. it is a pill we have to swallow for the benefits of a balanced budget. education investment. health coverage for 5 million children. restoration of disability benefits for desperate legal immigrants. and other positive parts of tills agreement. I do want to assure my colleagues. however. that the agreement includes significant constraints in the tax area that will help prevent a redo of the kind of economics that created the deficit problem In the first place. First. there are firm limits on the size of the tax cuts--the agreement states that the net tax cuts shall be $85 billion in the first 5 years. and no more than 250 billion through 2007.
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