Chris Murphy: “We've got to decide how we're going to fix it. Everybody on this side of the aisle and some of our friends in the Senate…”

“We've got to decide how we're going to fix it. Everybody on this side of the aisle and some of our friends in the Senate can sort of live in this. Fantasyland where we're just going to do more of the same; let's fix this alternative minimum tax for middle-class taxpayers, and guess what, let's just do it by borrowing more money. That's the way I think a lot of people in the place would like to do, more of the same, borrow money in order to cut taxes. You can't do that anymore. You can't do that for the next generation is going to end up paying all that money back. You can't do that because you can't exacerbate the existing trend, which has countries like Japan and China and OPEC nations, and Taiwan and Korea and Hong Kong and Germany owning all this American currency. You've got to stop this. You've got to stop the madness of borrowing. So the way you do that is to be honest about how you pay for the alternative minimum tax, and we're going to have to deal with some choices here. The Republican Congress for years made this choice. They could have fixed the alternative minimum tax. Instead, they gave away more and more and more tax breaks to their super, ultrarich friends and their oil companies and drug companies and everybody else who did well here. We're going to make some different choices. We're going to actually balance the Federal budget in 5 years. We're going to give some tax relief, badly needed, to the middle class, and you know what?…”