I yield 2 minutes to the distinguished ranking member of the Education and Workforce Committee, the gentleman from California (Mr. Miller). (Mr. GEORGE MILLER of California asked and was given…
I yield 2 minutes to the distinguished ranking member of the Education and Workforce Committee, the gentleman from California (Mr. Miller).
(Mr. GEORGE MILLER of California asked and was given permission to revise and extend his remarks.)
Mr. Chairman, we do need to reduce the deficit in a predictable, responsible way. That will require spending cuts, and it will also require shared sacrifice. The reason that the fiscal commission said that the Republican plan was unbalanced is they try and do it all one way. History has shown that doesn't work.
I yield 2\1/2\ minutes to the gentleman from Ohio (Mr. Ryan).
Mr. Chairman, this is simple mathematics. When you went from the Clinton rates for the folks at the very top and you dropped the tax rate, we ended up losing a lot of jobs because of the economy. You also lose revenue. And when you do that, you shift the burden onto other people, whether you do it by cutting Medicaid, whether you do it by terminating the Medicare guarantee, or whether you do it by cutting education. That's just mathematics.
I yield 30 seconds to the gentleman from Ohio (Mr. Ryan).
I yield myself such time as I may consume.
Mr. Chairman, there are two parts to the Tax Code. There is the corporate Tax Code. We need to clean up the corporate Tax Code. We agree with the fiscal commission. You've got to get out a lot of clutter, a lot of the tax breaks. In fact, we don't think you need a study to decide to get rid of the tax breaks that reward corporations for shipping American jobs overseas. We don't think you need to study the question about whether we get rid of big taxpayer subsidies for the oil companies.
So, yes, we should take a look at the corporate Tax Code. But in the other part of the Tax Code, the individual Tax Code, what the Republican plan does is actually give the folks at the very top another 30 percent break. We have been talking about going back to the Clinton rates. The Republican plan gives you another 30 percent break. You know what? They say we are going to do this in a revenue-neutral way. Well, the result is middle income taxpayers are going to pay more to give the folks at the top another big break.
With that, I yield 2\1/2\ minutes to somebody who knows a lot about this subject, the ranking member of the Ways and Means Committee, the gentleman from Michigan (Mr. Levin).
(Mr. LEVIN asked and was given permission to revise and extend his remarks.)
Mr. Chairman, I yield 2 minutes to the distinguished ranking member of the Small Business Committee, the gentlewoman from New York (Ms. Velazquez).
(Ms. VELAZQUEZ asked and was given permission to revise and extend her remarks.)
Mr. Chairman, Republicans originally fought the creation of Medicare on the grounds that it was socialism. Apparently, they haven't changed their minds about that as they try and terminate it and put seniors into the private insurance market.
I yield 2 minutes to the gentlelady from Wisconsin (Ms. Moore).
Mr. Chairman, I yield 2 minutes to the gentleman from Texas (Mr. Gonzalez).
(Mr. GONZALEZ asked and was given permission to revise and extend his remarks.)
Mr. Chairman, one of the other things that China is doing is they're investing an awful lot of their resources in clean energy like solar power and like wind power. The United States should be winning that battle and not our international competitors. Someone who knows a whole lot about that is the next speaker, the ranking member on Natural Resources, Mr. Markey of Massachusetts. I yield the gentleman 2 minutes.
I yield the gentleman an additional 30 seconds.
Mr. Chairman, I yield 1 minute to the gentleman from Michigan (Mr. Clarke).
Mr. Chairman, I would remind my friend Mr. Gingrey that, when Mr. Bush became President, he inherited a $5.6 trillion surplus. By the end of the 8 years, it was gone.
Now, with respect to tax rates and jobs, what this chart shows is that, when the highest income earners in the country were paying the lower rates during the Bush administration, you actually lost jobs versus during the Clinton administration when, at the higher rates, 20 million jobs were created.
The point is not that higher tax rates increase jobs. The point is that small differences in the top tax rates are not the main drivers of our economy. They are not the main engines of job growth. The figures tell the story. Trying to tell another story is just anti-historical. The reality is that the numbers show, during the Clinton administration, we had very strong growth. During the Bush years, we ended up losing over 600,000 jobs. So let's at least get our history straight.
With that, I yield 1\1/2\ minutes to the gentlelady from California (Mrs. Capps).
Mr. Chairman, I yield myself such time as I may consume.
The gentleman is absolutely right. We need to come up with a plan that puts the country on a predictable, steady course of deficit reduction, and we need to do it in a balanced way.
The chart the chairman showed about revenues presumed we wouldn't have certain changes in the revenue. For example, that we wouldn't say to the wealthiest, we want you to pay the same rates you were paying during the Clinton administration when the economy was roaring and jobs were being created.
There is a reason the bipartisan fiscal commission called the Republican plan unbalanced. And this is what it is. Under the commission plan, they have a balance of spending cuts and revenue increases. For example, they say the folks at the top, they should be paying a little more. In fact, $2.5 trillion more over the next 10 years than the Republican plan. Because they don't do what the commission recommended, they have to cut into Medicaid, which will hurt seniors in nursing homes, disabled individuals, poor kids, everybody who depends on that already stretched program. They have to terminate Medicare. So those are choices they are making. They have made a one- sided, lopsided choice.
I yield 1\1/2\ minutes to the gentleman from Minnesota (Mr. Ellison).
I yield the gentleman an additional 15 seconds.
Mr. Chairman, I was pleased to hear my friend is interested in getting rid of the subsidies for Big Oil. We can do it tonight or tomorrow. All you've got to do is vote for the Democratic alternative. And, by the way, you can, at the same time, get rid of the tax breaks that reward companies for shipping American jobs overseas. We don't have to study about it. We don't have to send it to the Ways and Means Committee. We can instruct them tomorrow, tonight, and we will get it done if you vote for the Democratic alternative.
With that, I yield 1\1/2\ minutes to the gentleman from New York (Mr. Engel).
Mr. Chairman, I welcome our friend from Georgia, and I would just say that we agree on one thing: that this budget does pose a fundamental choice. And that's what we're here to debate about. And we believe that it's just wrong to be providing another round of big tax breaks to the wealthiest Americans when you're ending the Medicare guarantee, when you're cutting investments in kids' education. Those are choices that we shouldn't be making.
We are going to present, and have presented, a Democratic alternative that we think provides a balanced approach.
With that, I yield 2 minutes to the distinguished gentleman from New York (Mr. Rangel).
Mr. Chairman, I have to show us this chart again because I just need to remind the body that during the Clinton administration, when we had the folks at the very top paying a little bit higher rate, 20 million jobs were created. When that rate was dropped for the high-income earners at the beginning of the Bush administration, not only did it contribute to deficits going up, but at the end of that period over 653,000 jobs were lost.
Now the point isn't, again, that by changing the tax rate that was the driver. The point is that small differences in tax rates are not the main engines of economic opportunity. And we need to make choices here. Again, they choose to provide tax breaks to the folks at the very top and end the Medicare guarantee.
Mr. Chairman, I yield 2 minutes to the gentlewoman from Illinois (Ms. Schakowsky), who has been a champion of Medicare, Medicaid, and a whole number of other issues important to our seniors and Americans.
Mr. Chairman, hardworking American people have been paying their Medicare payroll taxes day in, day out, month in, month out. The choice we have here is whether we are going to make good on that Medicare guarantee or whether we're going to say to the folks at the very top, We just can't take you back to the tax rates that were in place during the Clinton administration.
Why would we say that to people who have been putting their payroll taxes into Medicare? Why would we say we're going to end the Medicare guarantee?
With that, I yield 2 minutes to the gentlelady from Texas (Ms. Jackson Lee).
I, too, remember the Voyager spacecraft and also the Apollo program and Moon launch. Great examples of things that individuals and corporations can't do by themselves, things that we have to do by coming together as a people behind a purpose.
The Republican budget, if you look at the long-term forecast provided by CBO, essentially says when you project out here, given the assumptions they were given, you eliminate all of the Federal Government except defense--and even defense is at a smaller share of GDP when you get out there than it is today. That is the kind of result that you get.
I yield to the gentleman from Wisconsin.
Reclaiming my time, look, the issue here is what is the appropriate role and size of government. There is no doubt that we have to take what we think should be a balanced approach that involves both cuts and, as the fiscal commission, the bipartisan fiscal commission says, you've got to deal with the revenue piece if you're going to do deal with this problem in a realistic way.
With that, I yield 2 minutes to the gentleman from Georgia (Mr. Scott).
I yield myself such time as I may consume.
Mr. Chairman, we ask every American to read this budget, this Republican budget, and see whether or not it reflects their values and the choices that they would make. We believe when they do that they will reach the same conclusion that the bipartisan fiscal commission did, which is that it's simply unbalanced, it's simply unfair. It puts all the burden of the sacrifice on working men and women. And it does provide those folks at the very top once again--we've seen it before-- with a big tax break.
When it comes to Medicare, it's a fact seniors are no longer going to be able to choose to stay in Medicare. They're going to be forced into the private insurance market with ever-increasing costs and ever- declining support. That is rationing care. That's what insurance companies do. If you don't have enough money to buy the benefits that they are offering, you don't get them. If your doctor's not on that plan, tough luck.
So those are the choices that we're making this evening. And I hope as we go forward the American people will look very closely at this proposal. I'm confident they'll reach the same conclusion the bipartisan fiscal commission did, which is it's just not balanced, and it doesn't reflect American values and priorities.
Madam Chairman, I yield myself such time as I may consume.
I have to say that to say this plan saves Medicare is in my view Orwellian. It does remind me of the phrase from many years ago that you have to destroy the village in order to save it. I have to say that if you look at what we're doing here, you're saying to seniors you've got to go into the private insurance market.
Now, the chairman mentioned a couple other examples of the private market. But in this case we've already experimented, through Medicare Advantage, with that kind of private plan within Medicare. And you know what we discovered? That you had to subsidize them at 114 percent of the fee-for-service program. It cost us more for Medicare Advantage. In fact, one of the reforms that we made as part of the Affordable Care Act was to say we're not going to ask the taxpayers and folks who are on Medicare fee-for-service to subsidize those private plans that are running over cost. And you know what? In this budget our Republican colleagues kept that reform. If it was so great to have the Medicare Advantage plan, how come they took part of the savings from that plan? They did not.
So it is a big mistake to say to seniors we're going to throw you into the private insurance market with an ever-declining voucher premium. The reason this isn't premium support, it doesn't support the premium. What Federal employees and Members of Congress have is a premium support system through a fair share formula. This is not a fair share for seniors.
I reserve the balance of my time.
Madam Chairman, I yield 1\1/2\ minutes to the gentleman from California (Mr. Garamendi), former insurance commissioner for the State of California.