Steny Hoyer: “I pay more taxes effectively than the Vice President of the United States, who made almost 10 times as much as I make…”

“I pay more taxes effectively than the Vice President of the United States, who made almost 10 times as much as I make, but I am not poor-mouthing that. And, by the way, the gentleman talks about these large corporations. They do not really care what the rate is because, as we notice, 60 percent of them do not pay any taxes because of their preference items. An aside that the Republican majority has made the Tax Code extraordinarily more complicated over the last 3 rac{1}{2} years, let me call to my friend, the gentleman from Wisconsin (Mr. Ryan), some facts. A, Mr. Armey said you own this town. You have the President, you have the Senate, you have the House. Now, I have been here a lot longer than the gentleman from Wisconsin (Mr. Ryan). He talks about debt. Under Ronald Reagan, we raised the debt level 17 times. Under George Bush, the first, in 4 years we raised the debt limit 10 times. Under this President, we have raised the debt limit by $1.5 trillion over 3 years.”