On the recordJuly 8, 2011
I would just like to address a couple of items: number one, the tax policy we've been talking about and how we could raise extra revenues. The tax policy we have today was given to us by the 111th Congress. I assume if they had wanted to change it, they would have when they had the majority. They didn't. They gave us the tax policy. We haven't gotten to that yet, but we will at some point in time. As far as the money we're using in this budget, it is a small decrease, but we have to do it. We're borrowing 40 cents on the dollar; $4.5 billion a day. We cannot afford it. If we were to increase the allocation in this particular bill, then we would actually be borrowing 100 percent of that allocation increase because we do not have the cash. So to me, we are here with a good bill. The rule certainly is a good rule. It's an open rule. It's the perfect opportunity for anybody that wants to change this bill to do so. However, the underlying bill is also a good bill. It's done very well. Just to give you a picture of what the minority said about it in their views that serve on the committee: ``We commend the chairmen, both the sub chair and the full chair, for their efforts to assemble this bill in an inclusive manner.…
