Dan Burton: “Mr. Chairman, if America is watching this debate, I'm sure they are getting confused by all this minutia, which is very…”

“Mr. Chairman, if America is watching this debate, I'm sure they are getting confused by all this minutia, which is very, very important. So the things that they really need to be listening to tonight is, and I hope America is paying attention to this, this is the largest tax increase in the history of the United States by the people who said they weren't going to do it when they were running for office. They promised a streamlined government. They promised less spending and lower taxes. Let me tell you what they are going to raise, and I hope everybody in America is listening because this isn't minutia, this is the facts. Marginal tax rates are going up by $192 billion. The reduction in child credit, if you've got a child, the reduction in child credit is $27 billion. That's an increase. The increase in the marriage penalty is $13 billion, you know, the marriage issue that has been around for a long time. The death tax. If you are going to leave your business to your kids, if you want to reduce that so that you can leave your children your farm or something, they are going to increase that by $91 billion. They are going to increase the capital gains tax. If you are a small businessman trying to make it in this very competitive society in which we live, they are going to increase the cost of capital gains by $32.5 billion, and then other tax increases by $47 billion.”