Today our House has an opportunity, an opportunity to go on the Record and speak clearly of whether or not we should continue lowering taxes for American workers. Today we are at war. The war on terrorism, our efforts to strengthen our homeland security, and the current recession have caused a fiscal deficit in our budget. In fact, according to the Congressional Budget Office, they point out that the recession, combined with the war on terrorism and our efforts to protect our homeland security, account for 72 percent of our current deficit. So almost three-quarters of our deficit has been caused by the economy as well as the war. Some on the other side are saying we need to raise taxes in order to eliminate that deficit. And the way they want to raise taxes is they are calling for the repeal of the Economic Growth and Tax Relief Reconciliation Act, something we commonly know as the Bush tax cut which will give them more money to spend here in Washington. Well, today we have a choice, a choice of higher taxes or getting this economy growing again.
Editor's note · Context
Discussing tax policy and the budget deficit during a House floor speech.
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