Joseph Knollenberg: “I am very pleased, and I know others are too, to hear that an agreement has been reached between the Congress and the…”

“I am very pleased, and I know others are too, to hear that an agreement has been reached between the Congress and the White House on the tax cut package. I am especially pleased when I recall the last time Congress and the White House reached an agreement on the tax package Republicans were definitely not celebrating. They were not celebrating because that tax package was the largest tax increase in the history of this country. So today marks a much different kind of agreement. And although I am pleased with the agreement on tax cuts, we should put this in perspective. Now, listen to this. The amount of net tax cuts over the next 5 years will be $91 billion. The amount of spending over the next 5 years will be $9 trillion. Nine trillion. Tax cuts $91 billion, spending $9 trillion. So I would just like to say that this tax cut package is only a first step toward deeper tax cuts, more money in the pockets of Americans, and we also want to have some fundamental tax reform. I cannot wait to get going on another tax cut package.”