Timothy Roemer: “I rise to discuss what the American people need and want and that is fair tax cuts based upon a real surplus. I disagree…”

“I rise to discuss what the American people need and want and that is fair tax cuts based upon a real surplus. I disagree with the President's proposal that he has laid before us that is based on a Ouija board prediction, a crystal ball and a magic wand. We do not know if these surpluses are going to materialize. As a matter of fact, from our State in Indiana, we used to have a surplus 2 years ago. It is gone. We do not know if this Federal surplus is going to be there in 2 years, let alone 10. Yet the President's proposal asks for $1.6 trillion in tax cuts. Let us make sure it is something the American people get and we do not pull the rug out from underneath them in 3 years. Secondly, it should be fair, targeted at people making $80,000 and $70,000 a year, not $800,000 and $900,000 a year. I hope the President, as he has said to Democrats throughout the last 2 months about the spirit of bipartisanship and asking us to come down and meet with him at the White House, that he would now practice bipartisanship and, beyond the spirit of bipartisanship, work with us for a fair tax cut and one that is based on real surpluses.”