Mr. Speaker, I yield myself 5\1/2\ minutes. Mr. Speaker, I can't help but notice the juxtaposition on the estate tax bill that will decrease revenues by $823 billion over its first 10 years of implementation and this bill which comes to us…
Mr. Speaker, I yield myself 5\1/2\ minutes.
Mr. Speaker, I can't help but notice the juxtaposition on the estate tax bill that will decrease revenues by $823 billion over its first 10 years of implementation and this bill which comes to us wearing the mantle of fiscal responsibility, but will barely dent the addition to the deficit we just made if that bill becomes law.
Mr. Speaker, I have written and brought to the floor of this House and seen to passage at least two, maybe three, expedited rescission bills back in the 1990s. But I can't bring those bills to this floor today because the Rules Committee won't let me. They shut me out 100 percent. Every amendment I requested was rejected, even though they were serious and substantive amendments.
So I would say to others who were here on previous occasions: Look at this bill carefully because it is not the same bill we have voted upon before.
This bill allows the President a window of 45 days in which to pick items to be rescinded. It allows the President to send five rescission bills for every appropriation bill. Five times 11, there are 11 appropriation bills, equals 55. If we have a President who makes full use of this, we are inviting chaos.
The original bill and the substitute I would have offered provide the President 10 days, which is enough. Furthermore, the more time you give the President, the more apt that the cuts he makes will be for political purposes rather than budgetary purposes. Ten days is enough for a budgetary review.
Secondly, this bill allows the House, us, Congress, to vote up or down. That's it, no amendments, no way that we can cull through the list that the President sends back up here and pick out what is a worthy project and make the case for them.
The original bill which we voted upon before and my substitute allowed a Member to go get 99 others and remove a worthy spending item from the rescission list.
Next, this bill allows the President to strike something called direct spending items. That's budget talk for Social Security, Medicare, Medicaid, veterans benefits, agriculture benefits, on and on. What we have in this bill is a fast track, an expedited track to passage, summary treatment of things that the President sends up here that are supposed to be turned around in less than 30 days, and that is no way to decide substantive changes in Medicare and Social Security, but that is what this bill provides.
The original bill and my substitute have no mention of Medicare or Social Security direct spending in it. It applied to discretionary spending, as it should.
This bill allows the President to strike targeted tax benefits. So did the original bill. I offered that amendment. But this bill defines targeted tax benefits to mean those with fewer than 100 beneficiaries. That was a targeted tax benefit.
This bill defines the number down to one beneficiary and lets the Ways and Means Committee chairman be the arbiter of that. This is a sham. It is a serious deficiency in this bill, and it distinguishes this bill from the others that have come before it.
This bill allows the President to impose a 90-day impoundment on spending items for which he seeks rescission, but by the track set up in this bill, it will only take 30 days for a rescission to run its course. Why not simply confine the amount of impoundment time to something close to the amount of time it will take to consider a rescission request?
This may seem like a small point, but we are giving a substantial grant of authority to the President. If it is abused or not used in a way that we approve, then we better keep it on tight rein. This bill sunsets in 6 years. We would sunset it in 2 years. Keep it on a
tight rein in case it is abused. It may be a small point, but it could be a major point as well.
There are other things that we would have proposed in amendments that we would offer that would make this bill better. The gentleman just talked about earmarks. We put earmark reforms in our substitute. You will not find the word ``earmark'' anywhere in this bill.
If you are going to do this, and your objective is to take down the deficit, then let's put something in here known to work toward that end, and that is the PAYGO rule. It worked so well for us in the 1990s and can work again for us. Why not use this moving vehicle in the name of fiscal responsibility to pass PAYGO as well as rescission? If we did something like that, you truly would have a bipartisan bill.
Mr. Speaker, I reserve the balance of my time.
Mr. Speaker, I yield 3 minutes to the gentleman from North Carolina (Mr. Price).
(Mr. PRICE of North Carolina asked and was given permission to revise and extend his remarks.)
Mr. Speaker, I yield 2 minutes to the gentleman from Kansas (Mr. Moore).
Mr. Speaker, I yield 2 minutes to the gentleman from Washington (Mr. Baird).
Will the gentleman suspend?
I will yield you more time.
I simply want to say to my friend from Georgia, if you want transparency as to earmarks, we offered an amendment. The Rules Committee would not make it in order. Our substitute addresses the issue of earmarks. It reinstates the earmark reforms in the Obey bill which is now languishing in conference.
I yield the gentleman 2 minutes.
Mr. Speaker, I yield 2 minutes to the gentleman from Minnesota (Mr. Peterson).
Mr. Speaker, I yield 2 minutes to the gentleman from Wisconsin (Mr. Kind).
Mr. Speaker, I yield 2 minutes to the gentleman from Virginia (Mr. Scott).
Mr. Speaker, I yield myself such time as I may consume to address an issue that Mr. Ryan spoke to just a moment ago.
This bill does apply to new direct spending items. Now, there could be some disagreement over what that means, but direct spending is mandatory spending, it is entitlement spending, and under that broad rubric falls Medicare, Medicaid, Social Security and veterans benefits.
The reason we are very concerned about broadening the reach to include mandatory programs like that is that these are programs people depend upon; and what this bill essentially does is create a fast track, a 30-day turnaround. The President sends a bill here, we can't amend it in committee, we can't amend it on the floor, we only have an up-or-down vote, we have a limited amount of time for debate. It is a fast track with no substantive input from Congress, and I would hate to see us make an ill-advised change in Social Security or Medicare simply because it got wrapped up with other spending issues and was pushed through here on such a small fast track that we didn't realize the consequences until we woke up a month or two later.
Mr. Speaker, I yield 3 minutes to the gentleman from Wisconsin (Mr. Obey).
Mr. Speaker, I yield 4\1/2\ minutes to the gentleman from Maryland (Mr. Hoyer), the distinguished Democratic whip.
Mr. Speaker, I yield 1 minute to the gentlewoman from Florida (Ms. Corrine Brown).
(Ms. CORRINE BROWN of Florida asked and was given permission to revise and extend her remarks.)
Mr. Speaker, I yield myself the balance of the time.
Mr. Speaker, this could be a bipartisan bill. The gentleman from Wisconsin (Mr. Ryan) has taken the bill that the President sent us, which is a classic case of overreaching, and improved it very much and I commend him for that. But it is not good enough; it is not worthy of passage, in my opinion. If it really was to be a bipartisan bill, if that is what you wanted, why did I get shut out in the Rules Committee?
I came forward with two substitutes, one germane, one nongermane, with various individual amendments, all of them serious substantive things. Sure, we could disagree about them, but I didn't get to the opportunity under the Rules Committee's provision to come here and offer those on the floor of the House.
I think in wrapping up, it is worth showing these charts to everybody again to show the path we are on, which is this path right here: a deficit this year of $300 billion to $350 billion, more than $400 billion last year; intractable, structural deficits. And, as you will see from the costs plotted by CBO, the numbers only get worse here that show the deficit sinking to almost $500 billion in 10 years.
The consequence of that? First of all, the debt ceiling, the legal limit to which we can borrow, we have seen an increase in the debt ceiling in the United States since President Bush came to office under your watch of $3.668 trillion. That is the increase in 5 fiscal years of the debt ceiling of the United States. And the total indebtedness of the United States is shown right here. The statutory debt was $5.9 trillion when President Bush took office. If we continue on the track that we are on now with his budgets, we can expect to have a debt of nearly $11.3 trillion by the year 2011. That is where we are going.
It is hard to avoid the suspicion that this bill today is sort of a diversionary tactic because, by everybody's admission, even its more ardent proponents, this won't even put a dent in the deficit. As I said, we just adopted a bill which could have an impact on revenues over 10 years, when fully implemented, of $823 billion. This will barely, barely amount to a dent in the budget, a deficit addition of that kind.
Now, the gentleman said that I have engaged in acrobatics, as if I weren't serious and sincere about the amendments I am proposing. But I have a problem with giving the President 45 days to pick through appropriation bills, because the wider the window, the more apt he will be to use it for political purposes. I have a problem with having the President send up five bills for every appropriation bill. There are 11 appropriation bills. We could have as many as 55 rescission bills here on the House floor, and then I am sure, as we take up these bills on Christmas Eve, you will be having Members ask: Who came up with these ideas?
I have a problem with direct spending that is reaching too far. If this is an experiment to start with, why not stick to discretionary spending? None of the previous bills have included that.
So for all of these reasons, this could be a much better bill. And I would offer on a motion to recommit my only opportunity a substantial improvement to the bill, and I hope every Member will seriously consider it and will also vote for it.
Mr. Speaker, I offer a motion to recommit.
I am in its present form.
Mr. Chairman, the motion to recommit concerns entirely the budget process. It is germane and completely germane to the budget process. We add to the bill or would add to the bill the so-called pay- as-you-go provisions which were the law of the land from 1990 to 2002. We reinstate that as a complement to, and it is complementary to, the other powers granted by this bill. It relates to entitlement spending. The bill relates to entitlement spending. So this is well within the ambit of the subject matter of this bill.
Mr. Speaker, I offer an alternate motion to recommit, which does not contain the objectionable features.
I am in its present form.
Mr. Speaker, let me just tell you quickly, by laundry- list fashion, the changes that this amendment would add to the bill.
First of all, we have followed the model of similar bills, the bills that were passed by this House in 1993 and 1994. We have gone back to those to create expedited rescission authority.
Secondly, we have prohibited the President or any other officer of the executive branch from using the rescission authority, that power, as a bargaining tool to extract votes on other unrelated legislation.
Number three, we have provided that during the consideration of a rescission request by the President, there is to be a motion to strike; in other words, a provision by which 100 Members of the House could ask for a separate vote on a separate item which they deem worthy, and they could have an opportunity in the well of the House to make the case for this worthy spending item.
Number four, we have limited the number of cancellation proposals that the President can send up to one appropriation bill, which is an entirely sensible change to the bill. Otherwise, under the terms of the bill, the President will be able to send 5 different rescission requests on 11 different appropriations bills, in total 55 bills, which could wreak havoc with the process and in this place. It invites chaos. It is not necessary. It was not in previous bills. It does not need to be in this bill.
Number five, we have reduced the amount of time the President has to propose a cancellation or rescission after signing a bill from 45 days to 10 days. Why is that? We think that 10 days is more than enough. The original bills passed by the House provided only 3 days. We have extended it to 10 days, but 10 days give the President all the time he needs for a budgetary scrub-down of the budget. Forty-five days is apt to cause him to look for political applications as opposed to budgetary applications.
Number six, we have reduced the amount of time that the President can withhold funds, impound funds when he proposes a rescission or cancellation from 90 days, as in the bill, to 30 days and 7 days for emergency spending. We think that is reasonable. That is roughly the time it would take for a rescission to run its course.
Then we think this is extremely important, not just reasonable, but critically important. This is a major experiment. Let us not extend it to entitlement spending. Americans depend upon Social Security and Medicare and veterans benefits. Are we going to take something that important from which people depend and put it on the fast track, the up-or-down vote process that this vote calls for? I would hope not. This particular amendment would put Social Security and Medicare and veterans benefits beyond the reach of the President's rescission power, fast-track rescission powers.
This then defines tax benefits the way we originally defined it. One of the evolutions in the history of this bill was for us to go back and say a lot of money is spent through tax expenditures in the Tax Code. There are a lot of earmarks in the Tax Code, as well as in the appropriation bills. So let us call attention to something called the targeted tax benefits that have fewer than 100 intended beneficiaries, and let us provide as to these earmarks in the tax bill the President will have the same authority. This bill has been changed significantly from 100 beneficiaries to 1 beneficiary, which guts the meaning of that original provision.
Finally, this is an experiment. We are ceding a lot of authority to the President of the United States that the Congress has under Article I of the Constitution. In order to make sure that this authority is not misused or abused or manipulated, we are providing simply that we have a sunset of 2 years. Two full years would mean President Bush would have this authority for 2 fiscal years, but that we would review it and decide whether or not we should go forward with it or make major changes.
These are all serious, substantive amendments. They are not tilted in any direction at all except in the direction of getting a better bill which we can vote upon.
Mr. Speaker, I demand a recorded vote.