Bill Pascrell: “If it weren't bad enough, Mr. Speaker--and I come over to this side for a reason: I have got many brothers and sisters…”

“If it weren't bad enough, Mr. Speaker--and I come over to this side for a reason: I have got many brothers and sisters whom I love here--this is a terrible bill. Unanimous consent here. The real price of this bill is hidden. $30 billion in interest on the debt every year. Who pays this? If it weren't bad enough, the taxes that people have to pay today, as well as our children and our grandchildren, but beyond that, the real price of this bill is further hidden. The temporary family flexibility credit expires after 5 years. The temporary exclusion for independent care costs expires after 5 years. Some have estimated that, if Republicans make these provisions permanent, as they claim will happen in future Congresses, the costs of the bill will increase to over $400 billion. The Senate bill cuts off relief for families in 7 years. They are hiding over $500 billion in costs. I am particularly interested in the SALT exclusion as a deduction. Folks in New Jersey, California, Maryland, New York, Connecticut, et cetera, are going to be paying the costs of this deduction being removed. You can't make this up. In fact, the increase mostly comes from eliminating the State and local tax deduction for individuals, but corporations can continue to deduct their State and local taxes. You can't, Mr. and Mrs. America.”