Madam Speaker, I yield to the gentleman from Maryland, the majority leader, for the purpose of announcing next week's schedule. I thank the gentleman. Madam Speaker, the House will be in session for five more weeks prior to the Memorial…
Madam Speaker, I yield to the gentleman from Maryland, the majority leader, for the purpose of announcing next week's schedule.
I thank the gentleman.
Madam Speaker, the House will be in session for five more weeks prior to the Memorial Day district work period. I would like to inquire of the gentleman what legislation he expects the House to consider prior to that district work period in addition to the items he just mentioned for next week.
I yield to the gentleman.
I thank the gentleman.
I would say to the gentleman that I am heartened to hear about his continued insistence that this body continue to focus on the number one priority of the American people, which is getting this economy going again and getting Americans back to work.
Madam Speaker, I would say that most Americans agree that what we ought to be doing is containing and limiting government spending. Many of the programs that the gentleman just pointed out indicate that we, perhaps, are going to keep heading down the same road that we have been in order to try and create an environment for jobs.
I would say to the gentleman, although there was some job growth last month, he, himself, I think, would admit that that is just not enough. In fact, if we were to look back at the times of very high employment in prior years, there is probably a need for over 400,000 jobs to be created each month for us, over a period of several years, in order to accommodate for the growth in population as well as to return us to that kind of low unemployment.
We have got a lot of work to do, in other words, Madam Speaker, and I know the gentleman knows that. And I think it is fair to say that, in fact, we need to create 434,000 jobs per month for 2 years to make up for the job losses that we have experienced. That is going to take some significant commitment on the part of this Congress to stop the government spending and, frankly, to lower taxes on small business.
As the gentleman knows, his constituents just like mine, everyone I talk to knows someone out of work, and it is high time for us to focus on small business, and that is to provide the tax relief for small business and to stop the government programs of spending. And I would hope that the gentleman can commit to trying to change the route that we have taken to finally begin to grow this economy again.
With that, Madam Speaker, I would ask the gentleman when----
I yield.
I thank the gentleman.
Madam Speaker, I would say this: Always the gentleman likes to talk about the prior administration, and I would just like to point out that during the prior administration, the last 2 years of that, his party was in control of Congress and, certainly, if we look at the numbers, did contribute to some of the problem that we have got today. And I would say there's plenty of blame to go around. But what we are trying to do is to learn from perhaps mistakes having taken place and go forward in a constructive manner.
It is my sense, Madam Speaker, that this Nation is at a crossroads. We have serious challenges facing this country. Last Thursday was Congress's deadline for passing a budget, and it is my strong belief that we must act, and the gentleman indicates that we are going to act, but because of the critical nature of the challenges that we face, Madam Speaker, I believe that we have got three reasons to act swiftly and properly in passing a budget because it is at the heart of the lack of confidence of what the American people feel towards this body, and if we can rebuild that confidence somehow, we can see a return to growth in this economy so people can get back to work.
First, Madam Speaker, since the 1974 Budget Act passed, the House has never failed to pass a budget resolution. American families and small businesses are not given the luxury of avoiding a budget somehow because maybe it's too difficult, and neither should we. And the gentleman in his own words has said before that it is difficult to pass budgets in election years because the budgets reflect what the fiscal status is. And again, Madam Speaker, I point out never since the passage of the Budget Act in 1974 has this House failed to pass a budget resolution.
Secondly, Madam Speaker, as to the urgency for this body to act in this critical time, CBO Director Doug Elmendorf recently remarked that the
Nation's fiscal path is unsustainable and without a more aggressive approach to spending than the President took in his budget proposal, the debt will rise from currently 53 percent of GDP to 90 percent of GDP at the end of the decade. We all know, Madam Speaker, that is unacceptable.
Finally, I would say to the gentleman, Madam Speaker, the President in his remarks consistently refers to pending tax increases as the expiration of the Bush tax cut. And, Madam Speaker, I would say the American people believe that erasing a tax cut is a tax increase. This Congress has a responsibility to the people that we represent to inform them, the families, the small businesses, of its intention on whether we are going to increase taxes on the small business people and working families of this country.
So I would ask the gentleman if he could give us some sense of when we could expect this body to act on a budget.
I yield.
I thank the gentleman for that and for his commitment to ensure that we right the ship, so to speak, and stop the spending.
I yield.
I thank the gentleman.
Madam Speaker, I would say back if he is so intent on comparing the budgets and the outlook under the Bush administration to this one, I would say this: If we compare the 2011 budgets of President Bush and President Obama, President Bush's outlook and budget for this year was $2.9 trillion. The 2011 budget of this President is $3.6 trillion. We could simply cut the deficit by 50 percent if we just lived within President Bush's 2011 budget.
Madam Speaker, I would say to the gentleman if you cut out all of the emergency spending caused by the recession and just look at discretionary spending, since Congress votes on that every year, President Obama will increase discretionary spending by $319 billion over President Bush's budget for 2011.
So, Madam Speaker, I would say, again, we have got to do better. The American people are waiting for this body to step up in a responsible way to stop the spending, which brings on the need for yet even more debt, which ultimately will lead to higher taxes, despite what the gentleman says, that there's been enough tax relief, and get back to a fiscal path that makes sense so we can see small business grow again.
I yield.
I thought that the gentleman, Madam Speaker, had said that there has been so much tax relief under the current administration that it seems that all we need to do is keep spending.
I will apologize----
I will say to the gentleman again if he is so intent on comparing the two, let's go back to the Bush budget, which would allow us to cut the deficit by 50 percent, if he is so intent on saying how bad things were. Let's stop the spending.
But I would say to the gentleman as far as tax relief is concerned, that tax relief to 95 percent of the public, 25 percent of the tax relief went to entities and individuals that don't even pay taxes. Now, in the minds of most Americans, that is not a tax cut; that's a handout. And that is why we have got to start getting back to basics, Madam Speaker, and insist that the kinds of things that we do here are actually constructive to job creation because that is what we need to be about.
Now, we can go through the litany of things in this President's budget and what the majority has done over its term in office this session to demonstrate taxes have gone up significantly over this period.
It is time to stop taxing, stop spending, and stop borrowing.
So, Madam Speaker, I thank the gentleman for----
I yield.
Well, I can say this year, this year, Madam Speaker, taxes have increased $670 billion, $316 billion of which comes at the expense of the middle class, breaking the President's promise.
Madam Speaker, I would say, if you look at the health care bill that was just passed----
The health care bill that has just passed, as long as this economy and the players in this economy understand that actions are being taken now to facilitate adopting to a very high tax environment.
Now, if the gentleman wants to join us, if he wants to join us in sending the signal to the public that we're not going to continue business as usual, then let's step up, send the signal we're not going to allow taxes to increase any further, and that starts with differing from the President's budget, which calls for $2 trillion of tax hikes over the next 10 years.
So I'll say to the gentleman, you can say all day long that you have sat here and provided enough middle class tax relief. It's just not true. The public doesn't understand that. The public sees Washington spending money in unprecedented ways and having to borrow to pay for that. And, ultimately, people understand that it is about raising their taxes, reducing their take-home pay in order to pay for that.
I yield.
Madam Speaker, I reclaim my time. Madam Speaker, now, see, this is when the politics of attack kick in. For anyone to sit here and say that Republicans don't care about people, that's just not true, and he knows it. It's a definitional question.
If the gentleman differs with my characterization it's not a handout, it's a hand up, okay. But what we're talking about was tax relief. It was not a tax cut. If you don't pay taxes, you can't get a tax cut.
But what I'd say to the gentleman is this: times are different right now, Madam Speaker. The American public understands the crossroads this country is at, that we are on a path to fiscal ruin.
And the gentleman likes to continue to defend the stimulus bill as having been a success. Well, I would say to the Speaker, I'd say, Madam Speaker, to the gentleman, no one, not very many people in America think the stimulus bill was a success at generating jobs, and that's just almost a unanimous fact among most Americans. So if we know that, why would we continue to advocate the same policies?
And instead, Madam Speaker, I would say again I hope the gentleman would join us in advocating tax cuts for small businesses so that we can grow jobs in this economy.
The gentleman did ask what tax cuts, or what tax hikes, occurred over the last, over this session. And during the gentleman's party's majority rule, we know that there was a $65 billion tax increase on tobacco products. There was an almost $7 billion tax increase under the stimulus law repealing guidance allowing certain payers to claim losses of an acquired corporation. There was another almost $23 billion of surtaxes extended for the Federal unemployment program. And there was also, Madam Speaker, as the gentleman knows, a delay of rules reducing double taxation of American foreign nationals to the tune of almost $6 billion. Those are the tax hikes that have occurred, in addition to the overwhelming billions and billions of dollars inside the health care bill.
So, Madam Speaker, it is not accurate for the gentleman to represent that, number one, this Congress has not raised taxes on the middle class. We know differently. And, number two, to sit here and hide behind the notion that there aren't going to be tax increases at the end of this year, and the fact that that realization is not impacting job growth or the lack thereof, that's not being completely accurate, Madam Speaker.
And I would say to the gentleman, times are different now. It is time for us to own up to the obligations that we face as a country and work together to try and put this country back onto a growth path.
So with that, Madam Speaker----
I yield.
I thank the gentleman. And in trying to close this colloquy, Madam Speaker, I would say the gentleman knows good and well that when we had a positive job growth report last month, I was the first one to speak out and acknowledge the fact that, yes, growing jobs is a good thing. We've got a long way to go.
The gentleman admits that we are at a different time now, and he points to the deficits; and I point to the fact that the old administration, he alleges, didn't pay its bills, and that perhaps we, in the majority, spent too much. Okay. Fine.
But it doesn't give this majority and this Congress and this administration any better or more license to go and bankrupt this country by continuing on the spending path, and that is my point.
We are at a crossroads, Madam Speaker. I would tell to the gentleman, we have tremendous challenges before us; and as the American people know, if we don't stop the reckless policies of this town, it may very well lead to the fact that our kids and their kids will not enjoy the same freedoms and opportunities that we do.
So I continue to tell the gentleman we stand ready to work with him to try and address this extremely critical time in our Nation.
I yield back.
And I'd say, final closing, Madam Speaker. I'd say that in order to get a handle on spending, just stop. And that is why we shouldn't allow for discussion of hiking taxes. It allows this body, this Federal Government, to have yet even more of the taxpayer dollars to decide how to spend.
It's time for us to stop and practice fiscal discipline and get this economy back on track.
I yield back.