In conclusion, I would say to my colleagues that it is clear to me that we have an ideological divide. Our friends on the other side of the aisle are proposing a tax increase as their solution to our current situation. And if we look at the facts today, we are at war, a war against terrorism, we are rebuilding our homeland security, we are in an economic recession, and all those who are students of history know that whenever we are in a war, we have a deficit, and whenever we have an economic recession, we have a deficit. Of course, my hope is we can bring spending under control and eliminate that this year. Our friends on the other side of the aisle propose a tax increase. They say we should repeal the tax cut that President Bush proposed last year, and that by doing so, raise tax revenue that they could spend here in Washington. Well, let us look at what it is they propose repealing. First, I will mention the marriage tax penalty. Twenty-eight million married couples pay an average of $1,400 more in higher taxes.
Editor's note · Context
Discussing tax policy and the implications of proposed tax increases during a speech on the House floor.
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