Mr. Speaker, once again, back to facts over feelings: After the tax reform, what did we see in our society? It was the first 2 years that we actually saw income and equality shrink in modern economic times. I thought that was the Holy Grail. Did you see what happened to Hispanics, African Americans' incomes, working poor incomes? The fact of the matter is, if you tell the truth about the post-tax reform model--just maybe because I was in the room--the top 10 percent actually were paying more of the Federal income taxes than prior. Yet that somehow isn't the folklore that we so often hear from this floor. Mr. Speaker, there are couple other points I would like to make. And a couple of this is important because Chairman Beyer actually did a terrific job touching on some of this. And he was making a very powerful point. And, actually, I hate to say this, he was reading part of my script, which actually is a little creepy. The total deposits in commercial banks, if you take a look at this line, have gone up dramatically. It is because too much of the money that we have done bipartisan in the last year to help stimulate and save the economy ended up in pockets of those very, very wealthy, or even medium wealthy, and it ended up sitting in the bank and not circulating, rotating in the economy and helping the workers, helping the working poor, helping those who are just trying to survive.…
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Mr. Speaker, first, is there a chance to get the amount of time that we are splitting so we have a sense of the run time here? The SPEAKER pro tempore. The gentleman has 36\1/2\ minutes.
Madam Chair, I yield myself such time as I may consume. I have to figure out, do I sit here and just spend my time correcting things that are mathematically not true or not in the design of what is actually here or just over and over say…
Madam Chair, I yield myself such time as I may consume. I love public policy by storytelling, but this being the Joint Economic Committee, let's actually go back to math. Madam Chair, I would say to Mr. Beyer that I want to make sure I am…
Yet, the big stuff, since there are so many lobbyists and constituencies who live off of that money, you are not allowed to talk about that. Mr. Roy, I am blessed. I have Phoenix and Scottsdale. I have one of the best educated districts in…





