On the recordApril 15, 2010
Well, I thank the gentleman from Minnesota. And people know, taxes are relative to one's income. I've heard from many people, and of course in this recession people are hurting across the board from the wealthy to the poor. And I think even those who pay the highest rate of tax, many of them would say, you know, I would gladly pay the tax rate we had in the Clinton administration if I had the income that we had through the nineties. What you pay is relative to how much you earn. Currently, the highest marginal rate at 35 percent, with the expiration of the Bush tax cuts will return to 39.6 percent. That's the same rate it was when people were doing very well during the boom years. Taxes are the investment. They're the price that we pay for the freedoms that we enjoy in our country. They're what fund our public projects and, yes, worthy and unworthy. I, as a taxpayer, wasn't happy that my taxes were going to fund the Iraq war, and continue to. But that's what our representative system is all about. And I know there's many Americans out there today who weren't happy that their taxes might go to help provide health care for those who can't afford it. But the fact is, it's the price we pay for the freedoms that we enjoy as Americans, and we enjoy more freedoms as Americans than people anywhere else in the world.…





