On the recordApril 14, 2011
I have to show us this chart again because I just need to remind the body that during the Clinton administration, when we had the folks at the very top paying a little bit higher rate, 20 million jobs were created. When that rate was dropped for the high-income earners at the beginning of the Bush administration, not only did it contribute to deficits going up, but at the end of that period over 653,000 jobs were lost. Now the point isn't, again, that by changing the tax rate that was the driver. The point is that small differences in tax rates are not the main engines of economic opportunity. And we need to make choices here. Again, they choose to provide tax breaks to the folks at the very top and end the Medicare guarantee. Mr. Chairman, I yield 2 minutes to the gentlewoman from Illinois (Ms. Schakowsky), who has been a champion of Medicare, Medicaid, and a whole number of other issues important to our seniors and Americans.
Source
govinfo.gov




