Chris Murphy: “Now, Mr. Speaker, here is what we are doing. You mentioned that we have a balanced budget, in 5 years we are going to…”

“Now, Mr. Speaker, here is what we are doing. You mentioned that we have a balanced budget, in 5 years we are going to balance this budget. But on top of that, we are starting to fix some of the biggest messes they left this Democratic Congress. Take for example the Alternative Minimum Tax. Now, not a lot of people know what this thing is. You know it if you are paying it, and you are going to start paying it year after year. More people will start paying more and more. This is the biggest middle-class tax increase potentially in the history of this country, imposed by a Republican Congress. And, guess what? We are going to fix it. We are going to take it on. For the first time, legislation that comes before this House actually has to be paid for as we go along; the pay-as-you-go rule. Every spending increase that this Congress proposed has to be accompanied by either a revenue offset or a spending offset. That's real fiscal responsibility; rules passed by the Democratic majority here that are going to finally impose some fiscal discipline on this place. So the Republicans and the minority can say over and over again whatever they want. They can hope that if they say it often enough that they will believe it and maybe a few people out there will believe it. But what is going to happen here over the next few months is results, Mr. Ryan.”