Madam President, I thank the distinguished Senator from West Virginia for his kindness this morning. I rise in support of Senator Baucus's amendment. At a time when middle-class families are struggling to pay their bills, the House tax…
Madam President, I thank the distinguished Senator from West Virginia for his kindness this morning.
I rise in support of Senator Baucus's amendment. At a time when middle-class families are struggling to pay their bills, the House tax bill would actually increase taxes by more than $30 billion on those families--$30 billion.
This is a very difficult time for Michigan families. Every day we hear news about another plant closing or a company entering into bankruptcy. Michigan has lost 111,000 manufacturing jobs, and that doesn't include the recent announcement by Ford to cut another 30,000 jobs.
Michigan families are worried about their jobs. They are also worried about losing the pension that they have worked hard for and paid into for the 30 years that they have worked. They see their health care premiums continue to skyrocket, and they are struggling to fill gas tanks and pay home heating bills. The average price of gasoline in Michigan last month was $2.35 a gallon. Now middle-class families are facing home heating bills that are as much as 35 percent more expensive than last year. And their salaries and their pay stubs don't show a 35- percent increase. If anything, they are going down in terms of income.
What does the House bill propose to do to help middle-class families? Raise their taxes. This was quite stunning to me when I reviewed the bill that came over from the House of Representatives. We are talking about a bill that actually raises taxes on middle-income families. That is not acceptable. We can do better than that. Our middle-class way of life is in danger. I believe very strongly that in Michigan and places all across this country we are fighting for a way of life. Will we have the standard of living that we have had? Will we have the ability to send our kids to college and be able to buy a home and be able to dream the American dream and be successful? At every turn, we are seeing action taken here that takes our way of life and our opportunities away. Before Christmas, it was a bill that is part of this whole package, cutting over $12 billion in opportunities for people to go to college, by cutting student loans.
So this is another one of those cases where people are working hard, expecting us to do the right thing and, in fact, the House bill would raise taxes on middle-income people, while lowering taxes for those who are already very blessed, earning millions of dollars a year. We need to be passing legislation that lowers health care costs, which is hurting American manufacturers. We need legislation that will protect people's pensions. This ought to be a basic premise and principle that we abide by in this country. When you work hard all your life and you pay into a pension, you should know that that will be there for you and your family.
We must also enforce our trade laws and insist that countries such as China and Japan play by the rules and stop manipulating their currency and that we don't see counterfeit products coming into this country illegally, or other countries stealing our ideas and patents.
That is the debate we should be having. These are actions we should be taking. I was deeply concerned the other night to hear the President talk about those of us who want to enforce trade laws, essentially saying we are
protectionists if we don't stand back and say that in a global economy, whatever happens happens, that those of us who care about the rules and want trade to be fair are somehow protectionists. I profoundly disagree with that.
It is our job to fight for American businesses and American workers. That is what I do every day, and I know that many colleagues feel the same way. The debate we need to be having on the floor of the Senate is how to save our middle class, save our way of life. But at a minimum, we should not be passing a tax increase on middle-class families.
Michigan is the heart and soul of the middle class. There are 52,000 families in jeopardy of facing a tax increase if we do not address the alternative minimum tax. The alternative minimum tax ceiling needs to be raised, as we know. Fundamentally, while there has been agreement in this Chamber to do that, if that does not come out of conference committee between the House and the Senate, we will see 19 million families getting a tax increase as a result of actions of the Congress.
For instance, a family with five children would be hit with this ceiling if their income exceeds $54,000. They would, under the current system, pay more taxes. But without children, their income could exceed $76,000 before they pay more taxes. Think about that. Why is that fair? If you have five children, five mouths to feed, five children to buy clothes for, five children whom you are worried about going to college, you are going to pay higher taxes than somebody without children. That makes no sense. That is a $20,000 difference, a $20,000 penalty for having children. That makes absolutely no sense. What is American about that?
Sadly, under the current system on taxes with the AMT, the larger your family, the larger taxes you pay. To add insult to injury, the House bill extends the capital gains and dividend tax rates to provide $50 billion in tax breaks to our wealthiest Americans--$50 billion in tax breaks to our wealthy Americans--while a family with five children, earning $54,000 a year, will pay more taxes.
The majority of Americans are looking at this and asking, what is going on here? Where are our priorities, our values? This is backward. Even more egregious is the fact that these tax breaks that are given under the House bill are not set to expire until 2008. So the current tax cuts being given to the wealthiest Americans don't even expire until 2008, but the current problem for middle-income families happens right away; the current tax increase happens right away.
This bill is money to ensure that the wealthiest 3 percent of Americans are given tax breaks way out until 2010. Meanwhile, right now, middle- and low-income families are facing lower wages, mounting health care costs, trying to pay the gas bill, trying to pay the home heating bill, trying to send the kids to college, while we cut student loans. I did not support that. And now we are going to say, potentially, if the House bill were to become reality, by the way, you are going to pay more in taxes. This makes absolutely no sense.
I commend my colleague, Senator Baucus, and I commend the chairman of the Finance Committee, as well, for working together to fix this, getting the Senate to work together to fix this. We need to fix this-- and not only in the Senate because we have agreed that is not right-- this needs to be fixed when the bill ends up going to the President's desk. That is when we will know whether 19 million American families will have a tax increase. My vote is ``no'' on that one, and it is ``yes'' on making sure we fight for that which will keep our way of life in this country.
Madam President, I yield the floor, and I thank the Senator from West Virginia again for allowing me to use this time.
Madam President, after speaking in support of the Boxer amendment, which I think is extremely important, I wanted to take a moment in the middle of this very important debate, a very important bill, and rise to speak to another important event that is occurring this weekend.
I rise today to cheer not for the Pittsburgh Steelers or the Seattle Seahawks but for the city of Detroit and the State of Michigan, which is the host of the Super Bowl XL this weekend. We are very excited about this important event. It is a spotlight shining on Detroit, MI, and I am confident the city and my home State are ready for their closeup this weekend.
The State of Michigan and the city of Detroit are honored to play host to the most watched sporting event in our country. I am sure Detroit will shine, as it has before when it has hosted the Stanley Cup finals, the World Series, and the Major League Baseball All-Star Game, which was just held this last summer.
Ford Field is a beautiful stadium which will be an ideal setting for the Seahawks and Steelers, and Cobo Hall will play host to the NFL Experience, a football ``theme park'' where children and their parents can enjoy over 50 interactive football theme games and displays.
We are expecting over 100,000 visitors to downtown Detroit. I was there last week and saw that a lot of people have gotten there early to enjoy what our city offers. We are so pleased to welcome them. Not only will visitors have a chance to experience Detroit's restaurants and nightlife, but they can go to the Henry Ford Museum and see the bus on which Rosa Parks made her historic stand and visit the African-American Museum. This weekend's visitors will see all the wonderful things Detroit and the State of Michigan have to offer.
I must say that we have over 10,000 volunteers who are ready and are working to make sure everyone enjoys every minute of their stay, and I thank those volunteers for their hard work in being a part of helping Detroit shine.
Detroit is the home of Motown, and I am thrilled that Stevie Wonder will perform before the game and that Aretha Franklin will sing the National Anthem. On Saturday, Motown's music heritage will be on display when the Four Tops, the Miracles, the Contours, the Dramatics, the former ladies of the Supremes, Freda Payne, Brenda Holloway, Martha Reeves and the Vandellas, the Velvelettes, and Paul Hill play at the Masonic Temple. That will be an amazing event to participate in and listen to.
On Friday and Saturday night, Kid Rock plays at the Joe Lewis Arena before a sold-out house, proving that Detroit is the Rock City.
This weekend, Detroit will welcome home two of its native sons-- Jerome Bettis and Larry Foote, both members of the Pittsburgh Steelers. Larry Foote, a graduate of Pershing High, is at the beginning of a promising NFL career, while Jerome Bettis is near the end of a Hall of Fame career where he has displayed the character and toughness of a Detroit native. Bettis graduated from MacKenzie High in the late eighties, entered the NFL in 1993, and has since been mowing down defenses on his way to ranking fifth on the NFL's alltime rushing list.
The Super Bowl will give Detroit and the State of Michigan and the region an economic boost, but it will also provide a more important opportunity for the people I represent to shine, as I know they will. I am proud of Michigan's history and excited about our future. I am sure that on Sunday night, those who have visited Detroit, those who have watched the game will be excited as well. We say welcome to all of them.
I yield the floor.
Mr. President, I rise, as we are waiting for the votes as well, to join with Senator Biden and to thank him for his continued leadership. We have come to this floor on numerous occasions to speak about this issue over and over again, ever since 9/11, and we still do not have this fixed.
So I am pleased to be joining with Senator Biden to offer this amendment. It is time we act. It is past time. As Senator Biden said, it should be an embarrassment to all of us, the failing grades we received from the 9/11 Commission, a bipartisan commission, whose sole focus is on giving us information about whether we are safe today and what it will take to keep us safe, what it will take in the future to make sure Americans are safe.
We received, collectively--the administration, the Congress--failing grades in area after area. One of my main focuses has been on whether the radios work; it is stunning to me we are still talking about this. It is very unfortunate that after 9/11--because we did not connect all of the radios to be able to work to communicate with each other--that we saw the same kinds of failings that had firefighters and police officers running into buildings in New York instead of running out, as they should have been, because they did not know what was happening-- that the same kinds of things, then, happened in the gulf, in New Orleans.
I will never forget, going down right after the hurricanes with the bipartisan leadership, sitting outside of the New Orleans Convention Center with someone from Michigan who was with the Army National Guard, someone from the Michigan Coast Guard, talking with these folks who had not slept for several days, who were down doing their part, trying to save lives, getting people off of rooftops, doing what was necessary.
I asked the gentleman from the Army National Guard: ``Do you have radios?'' ``Yeah.'' I asked the individual from the Coast Guard: ``Do you have radios?'' ``Yeah, of course.'' Then I asked: ``Can you talk to each other?'' ``No.'' I asked: ``Well, how are you talking to each other?'' ``Well, when we're out in the boats, we use hand signals.'' This was, at the time, 2005 in the United States of America, and they are using hand signals to tell whether they have found somebody, whether they are OK, and so on, because the radios did not work.
When are we going to get this right? People expect us to get this right. They do not understand why this has not already happened. This amendment basically puts our priorities in place by saying it does not matter what your income level is, if there is another attack, you are going to want the radios to work. It does not matter where you live in America. It does not matter if you are a CEO or if you are a person going in and punching a timeclock every day or if your kids are playing in a school yard. You expect that your Government is doing everything humanly possible to keep you safe.
We have heard from the 9/11 Commission. They have overwhelmingly told us that is currently not true. So I hope and pray we take action, that we would create the priorities that Americans are asking us to create, which is by starting with security, starting with security, making sure we are putting that at the top of the list, that we are providing police officers and firefighters with what they need in dealing with ports and nuclear plants and chemical plants and all of the other issues, such as with Amtrak, making sure people are safe as they travel, as well as airlines.
We can do that by setting the right priorities. And that is what this amendment does. I urge my colleagues to join us in adopting this amendment.
Thank you, Mr. President.