So when we hear our colleagues and friends on the other side of the aisle talk so boldly about these tax cuts and what these tax cuts have done for our economy, I hope that our economy is not so...
Mr. Chairman, I yield myself 15 seconds before yielding to the gentleman from South Carolina (Mr. Barrett). I want to say, this is an important debate, but only in Washington when we spend nearly $2 million more for veterans do people call…
Mr. Chairman, I yield myself 15 seconds before yielding to the gentleman from South Carolina (Mr. Barrett).
I want to say, this is an important debate, but only in Washington when we spend nearly $2 million more for veterans do people call it a ``cut.'' And when my colleagues talk about tax cuts, 5 percent of the American people pay 50 percent of the taxes, and 50 percent of the American people pay 96.3 percent of the taxes.
Mr. Chairman, I yield 3 minutes to the gentleman from South Carolina (Mr. Barrett).
Mr. Chairman, I yield myself 15 seconds to say we cut taxes to generate economic activity. In this budget, we are looking to have no tax increase for the next 5 years.
Mr. Chairman, I yield 1\1/2\ minutes to the gentleman from Florida (Mr. Mario Diaz-Balart).
Mr. Chairman, I yield myself 15 seconds. I would say to my colleague who was speaking that he had me until he started to remind me of all the new spending that the gentleman advocated in the farm bill. The two most tragic things that happened, in my judgment, is we broke the budget with the farm bill, and then we saw the steel quotas.
Mr. Chairman, I yield 5\1/2\ minutes to the gentleman from Texas (Mr. Hensarling).
Mr. Chairman, I yield myself 1 minute.
I would like to read a quote of the gentleman from Texas (Mr. Stenholm). He said, ``I promise on this floor and again tonight, I will to the best of my ability and knowledge not vote for one penny more spending than President Bush asked us to spend, period. But let us stop blaming spending unless my colleagues are willing to control spending, and that means all spending. We cannot just pick out that which we like because in the economy it is all spending.''
My only point to my colleague is, he is against deficits but he finds ways to spend more on the farm bill. And I understand it; he is sensitive to the farmer.
I just want to make the point that I understand where my colleague is coming from. We all have programs we like, but when we had the farm bill, which we are not opening up, I had a problem as an easterner because I knew it was breaking the budget. But it was a program he liked and he had passion for it, and I understand it. That is the problem with this place. We all have the programs we like.
Mr. Chairman, I yield 30 seconds to the gentleman from Florida (Mr. Mario Diaz-Balart).
Mr. Chairman, I yield 5\1/2\ minutes to the gentleman from New Jersey (Mr. Ferguson).
Mr. Chairman, I yield myself 10 seconds just to point out to the gentleman, we are not cutting veterans, we are increasing it nearly $2 billion. Only in Washington when you spend $2 billion more do people still keep calling it a ``cut.''
Mr. Chairman, I move that the Committee do now rise.