Steny Hoyer: “We ought to judge the credibility of those representations. The gentleman from Texas (Mr. DeLay), October 24, 2001…”

“We ought to judge the credibility of those representations. The gentleman from Texas (Mr. DeLay), October 24, 2001: ``This tax plan is the right medicine for our economy. It is the best way to put people back to work and create jobs.'' After we adopted his policy, we have lost 2.7 million jobs in America. The gentleman from Texas (Mr. DeLay) said, ``The Democrats bring to the floor today a tax package that will cost jobs.'' He said that May 27, 1993. That program resulted in the creation of 22 million jobs over the next 8 years and the reduction of the deficit and the creation of 4 years of surplus for the first time in 80 years. President Bush said of his last tax bill in 2001: ``Tax relief is central to my plan to encourage economic growth and we can proceed with tax relief without fear of budget deficits.'' We now have the largest budget deficit in the history of this country confronting us after the adoption of his plan; and we have just increased, through the House, it has not passed the Senate, $1 trillion in additional debt. That is a debt tax.”