On the recordSeptember 8, 2011
I yield myself 30 seconds to respond. Mr. Speaker, the gentleman from California laid down an excellent framework for the potential of the Joint Select Committee on Deficit Reduction to accomplish their mandate; namely, bringing down tax rates by eliminating loopholes in a way that effectively eliminates expenditures in the Tax Code. For whether something is a subsidy or a tax credit, it is very much an expenditure. With that, Mr. Speaker, I yield 2\1/2\ minutes to the gentlewoman from Texas (Ms. Jackson Lee).
