Christopher Shays: “I was one of the 49 people who voted for that tax increase in 1990, and I have regretted it ever since. I vowed I would…”

“I was one of the 49 people who voted for that tax increase in 1990, and I have regretted it ever since. I vowed I would never do it again. I vowed I would not do it, because when we increased the so-called luxury tax and increased the taxes, we got less revenue, because taxes are dynamic. When we cut taxes on capital gains in 1997, we found that taxes grew. That is the way I honestly feel. I felt that a lot of the gentleman's dialogue was rhetoric to me tonight. I would just like to be honest and tell the gentleman that one of the things that really concerns me is this House thinks it has a surplus, and we can go on our spending ways. That is how I honestly feel. I am ashamed of the transportation budget that passed, and I am grateful that the gentleman from Ohio (Mr. John Kasich) reoriented us to think about saving money, rather than spending money. That is how I honestly feel.”