On the recordFebruary 2, 2012
Let me start by saying to the chairman of the Budget Committee and all of the members of the Budget Committee that we appreciated the dialogue that we've had on the budget reform bills. There is one bill that I understand we'll take up next week where at least the chairman of the committee and myself were able to find some bipartisan consensus. That's the expedited procedure, legislative line item veto bill where you've got some Democrats and Republicans in favor of it, and some Democrats and Republicans against it. But with respect to the two bills before us today, Mr. Chairman, I'm afraid they fall far short. In fact, I think they would take us in the wrong direction. First of all, just to be clear, because we'll probably hear a lot of talk today about the importance of moving the economy forward and jobs: Neither of these bills will do one thing, not one thing to help get our economy moving again. They won't do one thing to create and help create jobs in this country. Now, with respect to this particular piece of legislation that we're dealing with now, which actually is a step toward requiring some kind of dynamic scoring by CBO and the Joint Tax Committee, it's very misleading. Here's the concern. If you look at the current House rules, current House rules already require that we have an economic analysis for major tax legislation.…
