Jim Nussle: “Mr. Chairman, first of all, as I said in our opening, I respect the fact that we are putting our values on the table. I…”

“Mr. Chairman, first of all, as I said in our opening, I respect the fact that we are putting our values on the table. I have enormous respect for that. But let me just at least respond to the gentleman with regard to what he just said about taxes. Most provisions that they are talking about, that they talk about as being tax cuts for the rich or tax increases on the rich, we have to remember that the bracket they are talking about, 90 percent of small businesses, which are the job creators in my district, in Manchester, Iowa, and it is true for all small businesses; small businesses owned by women, small businesses owned by minorities, small businesses all together, are paying this top rate, and 80 percent of the increase on taxes on this top rate would be borne by small businesses. Two-thirds of the income tax filers in the top income tax bracket have small business income. If we want to create jobs, why would we tax the job creators? That is what we are talking about. And I respect the fact my Democrat colleagues admit they are taxers and spenders, but do not tax the job creators.”