On the recordMay 10, 2012
I just would like to respond to the chairman of the Budget Committee in terms of the ratio of cuts to revenue. I think the gentleman will recall that one of the recommendations that the bipartisan commission made was the trillion dollars in cuts that we made as part of the Budget Control Act, that was 100 percent cuts. If you take that into account, the reality is what we've done so far with our proposal is 92 percent cuts, 8 percent revenue, and with that revenue generated by closing those tax loopholes I talked about earlier. With that, I yield 2 minutes to the gentlewoman from Florida (Ms. Wasserman Schultz).
