The real problem is that tax revenues have declined from 20\1/2\ percent of GDP in 2000 to 14\1/2\ percent of GDP because we no longer tax the millionaires, the billionaires and the large corporations the way we used to. Let's start doing that, and we can have a balanced budget without phoney constitutional amendments which promise balanced budgets, without showing how, but that do protect the millionaires from paying their fair share.
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Mr. Speaker, I yield myself the balance of my time for closing. Mr. Speaker, had the Republican leadership taken this bill up in September, we could have been celebrating a true bipartisan victory right now. There is no question that it is…
Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, the gentleman from Ohio (Mr. Jordan), the chairman of the committee, says we don't like what the American people did. Well, obviously we don't. We lost the election…
Mr. Speaker, I yield 3 minutes to the gentlewoman from Texas (Mrs. Lee Carter), the newest Member of the Judiciary Committee, proudly carrying on her mother's legacy.
Mr. Speaker, I yield 5 minutes to the gentleman from Georgia (Mr. Johnson), the distinguished gentleman and ranking member of the Subcommittee on Courts, Intellectual Property, and the Internet.
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