What: All Issues : Fair Taxation : Tax Breaks for the Rich : H.J. Res. 51. Debt Limit Increase/Passage of a Bill to Increase the Debt Limit and Thereby Saddle Future Generations With Even Higher Debt Payments. (2003 senate Roll Call 202)
 Who: All Members
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H.J. Res. 51. Debt Limit Increase/Passage of a Bill to Increase the Debt Limit and Thereby Saddle Future Generations With Even Higher Debt Payments.
senate Roll Call 202     May 23, 2003
Progressive Position:
Nay
Progressive Result:
Loss

The subject of this vote was final passage of a bill to increase the federal debt limit by $984 billion (which would increase the maximum allowable debt from $6.4 to $7.3 trillion). Progressives opposed increasing the debt limit; in their view, the federal debt increase will further burden future generations who would be responsible for paying off the debt by cutting government benefits or increasing taxes. Recently-enacted tax reductions, Progressives argued, will increase U.S. debt in the future; Progressives voted in opposition to the debt limit increase as a way to hold the GOP financially accountable for what they view as a reckless deprivation of revenue to the U.S. Treasury caused by the tax cuts. The legislation to increase the debt limit was adopted on a 53-44 vote.

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