On the recordApril 28, 2004
I hope we can move ahead and have a balanced budget. But there are two ways to get to the balanced budget. We can increase taxes and continue on this splurge of increased spending from the Federal Government and the growth of Federal Government and making promises when we do not know where the money is coming from. We can either raise taxes to accomplish that, or we can slow down on this splurge of spending increases that this Chamber and the Senate and the White House for the last 20 years have proceeded on. We are now facing that decision. Do we try to reduce spending to accommodate a balanced budget so that we do not pass on to future generations, or do we increase taxes? And let me just suggest to the gentleman from Maryland (Mr. Hoyer), with his hand on the microphone, that our taxes on business today are 18 percent higher than our competitors in other nations.
Source
govinfo.gov
