On the recordDecember 3, 2010
Mr. President, I rise to speak about extending tax cuts to all Americans on income up to $250,000. I was presiding this Monday when one of my friends on the other side of the aisle was speaking on the floor, and he said with great conviction: ``We need to do everything to see that the deficit does not increase.'' Now, less than a week later, he will vote to increase the deficit by $700 billion. That is an impressive reversal, don't you think? Many of my colleagues on the other side ran for reelection this fall saying that the deficit is a cancer, that we owe it to our children and grandchildren to cut the deficit. Well, to them I say: Congratulations because for one of the first votes after returning to Washington, you are going to vote to put over $9,300 more debt on the head of every child in America. Way to go. And what is that for? To give an average tax cut of $100,000 to Americans making over $1 million a year. My friends, on this subject, have been saying to us: Haven't you learned the lesson of the election? I do not recall permanent tax cuts for millionaires being on any ballot. In fact, let's take a look at the exit polls conducted by Edison Research, the exclusive provider of the national election exit polls for all of the major TV networks and the Associated Press. In their poll, they found that roughly 60 percent of Americans wanted to end tax cuts for income over $250,000.…





