On the recordDecember 20, 2012
What is unbalanced is the Republican package that we see on the floor today. We already talked about the numbers of the Republican Plan B tax proposal which compared to going over the fiscal cliff and the Senate alternative would actually provide millionaires with a $50,000 tax cut on average while 25 million American families will actually see a tax increase of $1,000 on average, including, Mr. Speaker, some of our soldiers on the front line in Afghanistan today. The majority leader talked about doing the math. Then do the math on the tax plan, because that's exactly what it shows. What the President has called for is a balanced plan that asks for the wealthiest to share the burden of our deficit challenge and make sure that we get our economy in full gear. With that, I yield 1\1/2\ minutes to the distinguished ranking member of the Ways and Means Committee, Mr. Levin. (Mr. LEVIN asked and was given permission to revise and extend his remarks.)
