Last week, I voted against a costly, irresponsible budget reconciliation bill — which passed the House by one vote.

This massive bill reveals the consequences of single-party control: It doesn’t balance the federal budget; it doesn’t balance the competing priorities I hear from you; and it avoids making tough decisions, in favor of making reckless ones.

It’s a package of party favors for special interests and extremists calling the shots in the majority party right now.

Politicians love to champion fiscal responsibility and use our national debt as a talking point, but at the end of the day, this wasteful legislation will explode our deficit by $3.8 trillion to advance profound tax cuts for the top 0.1% of earners.

It drives up costs on energy, healthcare premiums, and out-of-pocket costs — all while gutting the consumer finance watchdog that can help you fight back when you’re ripped off.

It breaks the President’s promise not to touch Medicaid — imposing new, difficult-to-navigate red tape and threatening the healthcare of roughly 21,000 people across our district.

It raids food programs that advance our national health, keep food on families’ tables, and support our farmers.

That’s the real cost of handing out tax breaks to the wealthiest Americans who need them least.

When some of my House Republican colleagues sounded the alarms about how this bill will balloon our deficit, I stood ready to work with the Majority on a fiscally responsible bill that would level the playing field and make our government deliver more effectively.

Instead, they moved forward on an expensive, partisan plan that failed to include provisions like my legislation to close the carried interest loophole — a fiscally smart policy President Trump wanted in the bill.

Working families understand the bitter consequences of carrying debt, and our federal government needs to meet us in that reality.