Mr. Speaker, certainty, we are told, is the key factor here--first words from Chairman Ryan in support of this bill. I think the first certainty we have here is the knowledge that this bill is part of a package that, approved through…
Mr. Speaker, certainty, we are told, is the key factor here--first words from Chairman Ryan in support of this bill. I think the first certainty we have here is the knowledge that this bill is part of a package that, approved through today, is certain to borrow $317.5 billion. That is basically a request to this House and this Congress that we approve the borrowing of $317.5 billion. And when you look at other measures they have approved in the past, they are really on a pathway to borrowing almost $1 trillion to finance these tax cuts.
I believe that certainty is important to taxpayers. I think that when someone pays for Medicare and Social Security, they need to be certain that it will be there. They need to be certain that the water that they drink and the air they breathe is not contaminated. They need to be certain that the food that they put on their family's table is safe, that it has been inspected by a meat inspector or another type of health inspector. They need to be sure when they drive home, they need to have the certainty that the bridge that they drive over is not going to fall down, as it did in Minneapolis a few years back. They need to be certain that there is educational opportunity, quality education, for their children. They need to be able to do all this without just having to rely on charity.
This bill certainly selects a subset of tax provisions that benefit a few Americans and gives them preference. And I like some of these provisions. In fact, I am a cosponsor of some of these provisions, like the conservation easement. But they are measures that can and should be fully paid for instead of asking for another IOU. And because they are select provisions, they exclude many working and middle class American families.
For example, the American Opportunity Tax Credit, which is based on the principle that we want all Americans to be able to get postsecondary education in a college or a trade school, but a choice that they make and get $2,500 directly off of their tax bill to pay for tuition and books; the child tax credit that so many American families claim to help with their children; the earned income tax credit that even President Reagan said was a key factor in getting people out of poverty, those are key provisions that were left over on the side and not selected for borrowing or for anything else.
It is certain that many Americans have been left out of this very costly package. Working families do need to depend on more than charity. They need to be able to depend on this Congress to respond to their needs.
Now, there is seldom a week that goes by in the area of medical research that there is not a group here on Capitol Hill concerned with Alzheimer's research, multiple sclerosis, diabetes, Parkinson's, cancer, AIDS, or any number of dreaded diseases, basically saying: Find a cure for my family member or my neighbor; find a cure before I get this dreaded disease. There are groups that come here after the tough droughts we had here last year saying the Forest Service and the weather service need more resources in order to deal with the natural disasters associated with climate change.
We have been unable to find the funds for our crumbling roads and bridges. We do not have the investment we need from pre-K to postgraduate in education.
When you dig another hundreds of billions of dollars--or maybe $1 trillion--into debt, it provides an excuse for many of those who don't believe in those programs to say: Gee, we would love to help you with education for your children, and, yes, it would be good if we had another meat inspector, but we just can't afford to do that.
So we get to the point that Mr. Ryan has raised: Why is it we should raise taxes on some in order to maintain and renew some expired tax credits for others? I think there are two reasons.
One is that some people are still not paying their fair share. We have got some multinational corporations that don't pay as much as a percent of their income as the people who clean up their offices. The second reason is that it is for the same reason that we say, if we need additional money for our national defense or for our educational and retirement security at home, we have to come up with the revenues to pay for that if we are to maintain any sense of fiscal responsibility.
There are some good provisions in this bill, but we need the certainty that we will not be digging ourselves deeper into debt, preventing our ability to meet other vital national needs for our families.