Darrell Issa: “I'd like to be speaking for this bill, but I can't. In the 12 years, almost to the day, that I've served in this body…”

“I'd like to be speaking for this bill, but I can't. In the 12 years, almost to the day, that I've served in this body, I've voted for every tax cut, every tax cut. And I remember many of my colleagues, many of them friends to my right here, who, each time we voted for them said, where is the PAYGO? Where is the pay-for? Well, Mr. Speaker, there's $4 trillion of new debt and deficit and there's no pay-for, and there's no anticipation of a pay-for. In the last night, or the last 2 days, of a Congress, to say that 2 months from now a new Congress is going to do what we're not doing here today is not something I can bring myself to do. I would like to vote for this because I do vote for lower taxes. I want Americans to have lower taxes. But the other day, in conference, one of my colleagues pointed out that if, in fact, you're spending the money, you're taxing our future generation. We are taxing $1.2 trillion next year. We are taxing $1.2 trillion. We won't collect it, but we are taxing $1.2 trillion of deficit. The chairman of the Ways and Means Committee, Mr. Camp, rightfully so said we're also not simplifying the Tax Code. We're not making it better or fairer. We're not getting rid of the NASCAR loophole. We're not getting rid of the electric motor scooter low-speed loophole. We're not getting rid of a whole lot of tax things that are here.…”