On the recordDecember 20, 2011
I will not yield. I will enter into the Record the Joint Committee on Taxation, the nonpartisan experts who analyze our legislation, their analysis of both proposals. They will show that the House bill that extends the payroll tax for a year provides $120 billion in tax relief to the American worker, while the House bill, as amended by the Senate, only provides $20 billion of tax relief to the American worker because they only extend it for 2 months. TABLE 1.--BUDGETARY EFFECTS OF H.R. 3630, THE MIDDLE CLASS TAX RELIEF AND JOB CREATION ACT OF 2011, AS INTRODUCED ON DECEMBER 9, 2011 [Millions of dollars, by fiscal year] ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2012- 2016 2012- 2021 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ CHANGES IN REVENUES Total Changes in Revenues a.......................... -130,060 -46,650 -11,275 13,292 40,564 13,696 9,302 3,497 11,916 7,373 -134,129 -88,346 On-budget revenues............................... -39,143 -16,344 -11,270 13,302 40,582 13,717 9,325 3,522 11,942 7,401 -12,873 -33,034 Off-budget revenues b............................…
