Mr. Speaker, we are here today to talk about fundamental principles, principles of responsibility, integrity and common sense as they apply to the Federal budget and to tax policy. Over the past 2 weeks, we had the opportunity to go home…
Mr. Speaker, we are here today to talk about fundamental principles, principles of responsibility, integrity and common sense as they apply to the Federal budget and to tax policy. Over the past 2 weeks, we had the opportunity to go home and hear from our constituents, and we hosted an event with the Concord Coalition. We had people in several of my communities get together to try to balance the Federal budget, and we learned some very interesting things from that process.
We learned, among other things, that in spite of the majority's recent claims that deficits do not matter, the American people say that common sense says deficits do matter. We cannot, year after year, run enormous deficits, pass those on to our kids and not expect somebody to have to pay the piper. With several of my colleagues tonight, we are going to talk about how we got into that deficit, how we ought to get out of it, and how the policies put forward by the majority and this administration will actually make the situation far worse rather than better.
The first speaker this evening is the gentleman from Texas (Mr. Edwards). He said to me tonight he has to speak first because he has to go home and tuck the kids in. It occurred to me that is really why most of us serve here, we want to create a better America for our kids. And part of that way we create a better world is facing up to fiscal responsibility and not passing on an enormous burden of debt to those children in order to gain easy election or political advantage in the short term.
Mr. Speaker, I yield to the gentleman from Texas (Mr. Edwards).
Mr. Speaker, I commend my colleague from Texas (Mr. Edwards) for such an articulate presentation and a clear-cut explanation of what is wrong with the tax proposals and the budget plans of the majority party and the administration. The gentleman was, I think, astute in observing that when the Democrats controlled the White House and the House of Representatives, it was literally about 10 years ago, almost 10 years ago today, they had the courage to step forward and confront budget deficits, not to pooh-pooh them, not to say this does not matter, but to confront budget deficits and say we must enact fiscally responsible policies.
The other party, the majority party, claimed that if we did that, we would lose jobs, we would see interest rates skyrocket, we would see inflation go through the roof. What in fact happened? The longest economic expansion in the history of this country. More jobs were created. Unemployment went down. Healthcare was improved. Our education system was improved.
If my colleagues want to make a judgment by history, look at the recent history. When the Democrats set the fiscal policy of this country, we saw sustained economic growth. In the Republican administration, we have seen sustained unemployment and economic decline.
The gentleman from Virginia (Mr. Scott) is a member of the Committee on the Budget and will address precisely those issues now. I yield to the gentleman from Virginia.
Mr. Speaker, I thank my colleague. What a clear-cut explanation of the situation we are in.
When I had those forums and town hall meetings back home, people asked me precisely the kind of questions the gentleman was addressing. What does this tax cut do for jobs? What does it do to provide prescription benefits for our senior citizens?
When I asked people, which would you rather do, a tax cut for the wealthiest people in this country, or invest in our transportation infrastructure and put people back to work? They said put people back to work.
When I asked which would you rather do, a tax cut for the wealthiest people in this country or invest in a prescription drug program so our seniors can stay healthy and actually lower the cost of health care in the long run, they said take care of our seniors.
One of the Members of this body who has done as much as anyone to keep the cost of prescription drugs down is my good friend and colleague the gentleman from Maine (Mr. Allen). I yield to the gentleman, who will not only talk about job growth and the tax cuts, but also about the fundamental principles of values and how those are manifested through the decisions we are making, and, unfortunately, through the decisions this body is not making.
If the gentleman will yield, when I look at that chart, you look at the graph where the numbers are going up, that is putting people back to work. That is helping people take care of their families, buy homes, invest in this economy.
When you see that chart going down, which has happened in this administration, that is people losing their jobs, losing hope, losing health care, losing the ability to take care of their families.
These are not just numbers. As the gentleman knows, these are real life stories of people whose lives are being ruined by the economy.
When I talk to those folks, they do not tell me, ``What I would like the President and Congress to do is give me a tax cut.'' What they say is, ``We want jobs and we want health care.''
I thank the gentleman. The gentleman has summarized it so well. The irony is, and let me just ask the gentleman to respond to this for second. You had that chart up there that showed that the vast bulk of the tax breaks go to the very wealthiest. The majority party, the Republicans, say we are engaging in class warfare. Not at all. I admire and respect people who have made wealth in this country.
But it is interesting, when I talk to those folks, they often say to me, ``You know what? We are not asking for the tax cut.'' This assumption that everyone is venal and self-serving and does not put the country before their own immediate needs, I am not sure I buy it for most Americans.
I do not think so. I think most Americans say, we have to invest. I do not know about my colleagues, but I hear small business people saying, give me a little break so I can make ends meet, take care of my family and provide health care. I hear Mom saying, make sure that I have a job that pays a decent wage. I hear Dad saying, make sure that I can provide for my family and give my kids an education. I do not hear most Americans saying, let us make sure the people who have the most in this country get the most in the tax cuts. Is the gentleman hearing that from his constituents?
Mr. Speaker, I agree. When the President asked rhetorically in his speeches, if a little bit of a tax cut is a good thing, what about a big tax cut, well, the answer is we have already had a pretty big darn tax cut; and the second answer is, most people are not going to get that tax cut. And the third answer is, that big tax cut comes with an awfully big debt, and there is something desperately wrong with an awfully big debt.
I would like to yield to the gentlewoman from Wisconsin (Ms. Baldwin), a member of the Committee on the Budget, and an individual who has led efforts in this body on education, on health care, on social justice, making sure that all Americans share in the American dream and have an opportunity to benefit from the economic policies of this Congress.
Mr. Speaker, I thank the gentlewoman for her comments.
One of the issues this budget does not address that I know is important to the people of Wisconsin, as it is to my own State of Washington and, in fact, to the Committee on the Budget chairman's State of Iowa, is Medicare fairness. Many of our States are desperately underfunded in terms of Medicare compensation rates. This budget does nothing to fix that. My own State of Washington faces a terrible injustice, that we cannot deduct our sales taxes like other States can deduct their income tax. This budget does nothing to fix that. There are a host of problems with this budget. It was passed at 2 a.m. in the morning. The majority of the Members of this body who voted for it had never read it. They had seen summaries perhaps, but I guarantee they had not read it because there was not time. When you pass a budget that spends $2.2 trillion, that takes 24 hours to debate it and you have not read it, we have a problem on our hands and, unfortunately, our country has a much bigger problem.
We have heard from people from Maine tonight, from Texas, from my own State of Washington, Wisconsin, and Virginia. The distinguished ranking member of the Committee on the Budget hails from South Carolina. I think it is arguable that very few people, if anyone, in this Congress have more knowledge about the intricacies and the importance of the budget process than my dear friend and colleague, the distinguished ranking member of the Committee on the Budget, the gentleman from South Carolina (Mr. Spratt).
Mr. Speaker, this has been an exciting discussion. We have talked about responsibility, common sense, about jobs, about health care, and about getting this budget back on balance.