Mike Levin

It is now my pleasure to yield the balance of our time on this bill to the gentleman from California (Mr. Waxman), the ranking member of Energy and Commerce and who is proudly one of the coauthors of health care reform after so many years…

Could you tell us the time on each side, please. The SPEAKER pro tempore (Mr. Collins of Georgia). The gentleman from Michigan has 8 minutes remaining, and the gentleman from Georgia has 14\1/2\ minutes remaining.

Not increasing taxes or the rates for taxes, but collecting the taxes which, in all justice, really should be collected by Uncle Sam.

These are justifiable tax deductions. What we are talking about are the unjustifiable ones which shouldn't be there. As the Senator points out, we are not proposing tax rate increases. The way I phrase it is I am talking about collecting…

Again, if my friend would yield, the name of the bill which the Senator cosponsored is called Cut Unjustifiable Tax Loopholes. There are plenty of tax deductions which are totally justified. Mortgage interest is justified, accelerated…

This is perhaps the most stunning thing I have learned fairly recently. It is even possible under our Tax Code for the cost of operations of that facility to be deducted currently, while the tax on the profits or the income of that…

If they are building a plant overseas, the cost of that plant can be deducted currently?

I wish to make one more comment about offshoring. My dear friend from Rhode Island knows that my permanent subcommittee has done a lot of work on the tax breaks for offshoring. In addition to what the Senator said about delaying the tax on…

Since I have interrupted the Senator, let me ask one additional question. I notice that even though the Senator's menu yields $127 billion, that he only requires $85 billion for the 1-year sequester replacement, which means that, for…

If the Senator would yield for a question, if that position were taken by all of us, that is a guarantee of inaction?

I now yield 2 minutes to another distinguished member of our committee, Mr. Blumenauer, from the State of Oregon.

I now yield 2 minutes to another member of our committee, the gentleman from Illinois (Mr. Davis).

I now yield 2 minutes to another member of our committee, the distinguished gentleman from New Jersey (Mr. Pascrell).

I now yield 1 minute to another member of our committee, the distinguished gentleman from the State of Connecticut (Mr. Larson). (Mr. LARSON of Connecticut asked and was given permission to revise and extend his remarks.)

I now yield 1 minute to the gentleman from Massachusetts, a distinguished member of our committee, Mr. Neal. (Mr. NEAL asked and was given permission to revise and extend his remarks.)

I now yield 1 minute to the gentleman from New York (Mr. Rangel). (Mr. RANGEL asked and was given permission to revise and extend his remarks.)

I thank Senator Klobuchar for adding that important point regarding the interconnected nature of the Great Lakes Navigation System. And thank you, Chairman Boxer, for working us to begin to improve the maintenance of the Great Lakes…

I will use it by saying, a default is a default is a default. This bill is a serious mistake, as is the amendment. People can do what they want on the amendment. Vote ``no'' on the basic bill. I yield back the balance of my time.

I now yield 1\1/2\ minutes to the distinguished gentleman from Texas (Mr. Veasey).

I now yield 1\1/2\ minutes to a distinguished Member, the gentlewoman from Pennsylvania, Allyson Schwartz.

It is now my real pleasure to yield 2 minutes to the ranking member on the Budget Committee, the gentleman from Maryland (Mr. Van Hollen).

I now yield 1\1/2\ minutes to another member of our committee, the distinguished gentleman from New York (Mr. Crowley). (Mr. CROWLEY asked and was given permission to revise and extend his remarks.)

I now yield 1\1/2\ minutes to the gentleman from Connecticut (Mr. Larson), another distinguished member of our committee.

I now yield 1\1/2\ minutes to the gentleman from Massachusetts (Mr. Neal), another very distinguished member of our committee. (Mr. NEAL asked and was given permission to revise and extend his remarks.)

I now yield 1\1/2\ minutes to the gentleman from Georgia (Mr. Lewis), another very distinguished member of our committee.