On the recordDecember 7, 2006
And I will tell you why I am so pleased with our leadership and Leader Pelosi and Steny Hoyer, Jim Clyburn, and all of our great leaders. They have said that before this Congress gets another raise in pay, we will raise the minimum wage for the American people. That is leadership that the American people can be proud of. As we move from the minimum wage, another area that we are going to work on very quickly: we know the high cost of education, we know what it costs for a young person to go to college. We have found a way in which we can get common ground. The Democrats will lead the way in cutting in half the interests that students will have to pay on their student loans. That is the kind of tax cut for middle-class America that is needed. It impacts everybody to have that. And we pay for it as we go. We can afford that, because that money that is saved is stimulated and goes right back into the economy. When you are able to get money back to the consumers and to the American people, they are able to use that money in every area; but it is recycled, it continues to go back into the economy to help the greater productivity of this country.
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