Steve Watkins: “I remember quite well the budget then was based on deficits. Today we have surpluses. The economic assumptions used in…”

“I remember quite well the budget then was based on deficits. Today we have surpluses. The economic assumptions used in building that budget were in excess. They were very liberal type assumptions that David Stockman put there. This budget is based on conservative estimates, and we are basing it on surpluses, not on deficits. We are paying more taxes today as a percentage of the GNP since World War II. I think our people, the taxpayers, are entitled to a refund. I think this is not the last day in this Congress. There are a lot of things that can happen. We will probably tweak different things along the way in the next decade. Is everything in the tax bill that I like? No. The chairman knows that, the leadership knows it. We are not covering everything we should be, but we need to be trying to provide the opportunities for economic and job growth, and this bill would do that. I think it will spur the economic growth of this country.”