Steve Rothman: “what are the priorities of the Democratic Party? And what are the priorities of the Republican majority, the Republican…”

“what are the priorities of the Democratic Party? And what are the priorities of the Republican majority, the Republican majority who have been in power in the House and the Senate for 5\1/2\ years with a Republican President for 5\1/2\ years, with their policies, leading to a greater and greater difference, disparity in incomes between the very rich and the middle class and the working poor and the poor, and the greatest deficit in the history of the United States. That is the result of the priorities and policies of the Republican majority. That is a fact. I believe they are the wrong priorities, and they put us continuous on the wrong track, but that will be up to the voters in November to change. But what about the comments you hear about these tax cuts that are spurring the economy in unprecedented revenues? Hogwash. Hogwash. The Secretary of Treasury, John Snow, from the Bush administration came before our committee this week and said, Secretary of the Treasury under President Bush said, these tax cuts are responsible for one-third of this deficit. They are responsible for one-third of this deficit, the greatest deficit in the history of the United States. That is what these tax cuts have caused. He said, by the way, for every dollar in tax cuts we give, we do not get back more money than we gave out in tax cuts. We get 30 to 40 cents for every dollar in tax cuts which means we lose in the Treasury 60 to 70 cents on every dollar we give out.…”