Political Quotes

On the recordFebruary 28, 2012
Madam Speaker, there's so much to refute and so little time. I would like to point out to my colleague that he mentions the Bush tax cuts. He conveniently forgets to mention that they actually should be called the Obama-Pelosi tax cuts because those tax cuts were extended in 2010 when President Obama was President and Nancy Pelosi was Speaker of this House. So they should no longer be called the Bush tax cuts. They should rightfully be called the Obama-Pelosi tax cuts because even those two people understood that we should not raise taxes in the middle of a horrible recession--brought on, I might say, by our colleagues across the aisle. I'd also like to point out to my colleague from Massachusetts that-- let's assume that those tax increases were allowed to go into effect. We would still have a $400 billion deficit in this country. We know that if we took away every penny of wealth that those millionaires and billionaires--that they so desperately want to tax, if we took away every penny of their wealth--not just increased their taxes, but took all their wealth away from them, it would amount to a little over $1 trillion. And then it wouldn't be available. There would be no tax increases available on those people in the future, and we still wouldn't have solved our problem. Now, our colleagues across the aisle want to make it worse by continuing to spend money.…
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Virginia Foxx
Republican · North Carolina

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