On the recordJanuary 18, 2012
Well, the gentleman from South Carolina didn't give me a chance to answer the question that he posed to me. He said, what's rich and what's fair? What I and many others have proposed is that people making over $1 million a year in income is who we're talking about, not people with a net worth of 2 or 3 million or less, but people who have an income, make $1 million or more a year in income, and the tax rate would go from 35 to 39.6 percent, a 4\1/2\ percent increase. That's what we're talking about as part of a comprehensive package. That's in the bipartisan Bowles-Simpson package, that's in the bipartisan Gang of Six package. That's some of the revenue that, along with cuts and entitlement reform, are part of the solution to this issue. Rather than bellyaching and complaining about having to do what Republicans themselves have said they were going to do in the Ryan budget and the Republican Study Group budget that's doubled the deficit--Republicans committed to doubling the deficit. I didn't support that. I voted against those bills. But Republicans promised to double the deficit. I opposed that. But here they are, now that they're doing the spending that they did, their massive spending spree in December, their budget that doubles the size of the national deficit, and here they are bellyaching, after spending all that money, that they don't want to pay the bill. Well, that's immature, Mr. Speaker.…





