John Bel Edwards: “In fact, I hope we can speak in just a few moments about the question of are the proposed Republican tax cuts in the…”

“In fact, I hope we can speak in just a few moments about the question of are the proposed Republican tax cuts in the House this year fair to average working families; and maybe I can conclude on the first question that we want to address tonight, and perhaps the gentleman from North Dakota (Mr. Pomeroy) would want to respond and discuss also the issue of the fiscal responsibility of this as well as get us into the question of are the Republican tax cuts fair to average working families or not. I want to conclude by saying this: the 1997 tax reconciliation bill not only had tax cuts that benefited a wide range of American families of all income levels, but it also had spending cuts. Many of those tax cuts were paid for. I have not seen pay-fors for the Republican tax cuts that have passed the House this year. The pay-fors are a hope and a wish, a hope and a wish that some economist who we do not know his or her projection is going to be correct for the next 10 years. If they are wrong, our grandchildren, our children are going to pay a dear price.”