The question is, where is the money? The money is in the pockets of the people that earn it. The government earns no money. Tax cuts do not cost the government. And that is the argument you are going to hear tonight. It is that if you believe when you reduce taxes somehow that costs government, then you believe that you have to borrow. But the interesting thing about what we believe on the majority side is that the money comes from the people that earn it, and we are leaving it in their pockets. And the only reason we would need to borrow money is for excess spending in Washington, D.C. So if you want to continue to borrow and if you want to continue to spend and if you want to continue to waste the taxpayers' dollars, then continue to consider the arguments of the minority. But if you want to grow the economy, if you know that the economy starts with people working in America earning a living and paying a little bit, sometimes too much of it to Washington, D.C., if you believe that, and if you know that based on that, getting the economy going is the most important thing we can do, not only for our short-term budget and our long-term budget but getting the economy going is the most important thing we can do to the long-term health of Medicare, Social Security and our country, let us pass this bill tonight, let us realize whose money this is in the first place. It is the American people's money. Let us leave it in their pockets.
Jim Nussle: “The question is, where is the money? The money is in the pockets of the people that earn it. The government earns no…”
On the recordMay 22, 2003
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govinfo.govEditor's note · Context
Discussing the importance of tax cuts and government spending.
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