On the recordApril 19, 2012
There is a criticism that the bonus depreciation provision doesn't go far enough. My answer to that is: let's pass this and then join together. You have supported bonus depreciation in the past. You haven't acted on it. We do. Let me just say what's at stake. This bill isn't going anywhere--it's going nowhere, but it says everything about the majority's priorities. They oppose raising taxes on the very wealthy, they take a pledge that applies to the very wealthy, and they end up with a bill they won't pay for. They make empty rhetoric about the deficit. Essentially what they're coming here today to do is to make it worse, by giving a tax break to the very wealthy through this bill. {time} 1250 We've said it many times, nobody refutes it. You're stuck on a pledge not to raise taxes even for the very wealthy, and you come today with a proposal for a tax break for 125,000 taxpayers making more than a million dollars with a tax break of 58,000. Then to make it still worse, you cut necessary programs for lower- and middle-income families, from child care and Meals On Wheels. Where's your conscience? The SPEAKER pro tempore. The time of the gentleman from Michigan (Mr. Levin) has expired, and the gentleman from Michigan (Mr. Camp) has 4\1/ 2\ minutes remaining.
