On the recordSeptember 21, 2012
our Nation faces an absolutely fundamental choice in this year's election: Are we going to rescue, restore, and rebuild the middle class or are we going to continue to shift even more wealth and advantages to those at the top at the expense of the middle class? As I have done every day we have been in session here, I want to point out to the American people what the blueprint is for this country under the Romney-Ryan budget. That is their budget. A budget is a blueprint of where you want to go, what you want to do, how you want to build something--how you want to build the future of our country. That is the Ryan budget. So I want to take a look again at the Ryan budget and what it does for the future of this country. First of all, the very centerpiece of the Ryan budget is whopping new tax cuts, mostly for those at the top, the richest 2 percent. Those making $1 million or more a year would receive $265,000 a year in new tax cuts on top of the $129,000 they would get from extending the old Bush tax cuts. That means now if you are in the top 2 percent and you are making over $1 million a year, you get $394,000 in new tax cuts. We keep hearing about Mr. Romney and Mr. Ryan talking about entitlements. We have got to cut back on entitlements. Don't we? What about this? That is what they always talk about.…
