Steve Rothman: “May I just remind the Speaker that today Secretary of the Treasury John Snow said in his testimony before our…”

“May I just remind the Speaker that today Secretary of the Treasury John Snow said in his testimony before our subcommittee of the House Appropriations Committee that the tax cuts of this majority and President Bush account for one-third of the deficit, and that every dollar that is cut for the wealthiest folks in tax cuts, we don't get back more than a dollar in revenue. We lose. For every tax dollar we cut, we only get back 30 to 40 cents. We lose 60 to 70 cents for every tax dollar we cut. Whether that is a good thing or bad thing, the American people can decide. But in a time of war, the biggest deficits in our history, is that what we want to be doing with our money, and should we be making those tax cuts permanent?”