Courage and commitment should be bipartisan, or really should be nonpartisan. Indeed, if we take a look at history over the last 40 years, it was first a Democratic President, John F. Kennedy, who said we should reduce marginal tax rates because a rising tide lifts all the boats. Ronald Reagan followed with a similar philosophy in 1980, as did George W. Bush last year. And guess what? Revenues to the government long-term actually increased because people have more of their money to save, spend, and invest. My friends on the left have been here really captive to a debate of process. What we should talk about, Mr. Speaker, is a debate based on principles and priorities involving real people. This is the real consequence if Members vote no today on permanency for tax cuts: A single mother, hear me, not the caviar crew, not the Cadillac set, a single mother will end up paying an additional $963 of her hard-earned money in higher taxes if they say no to making the tax cut permanent.
NAN A. S. HAYWORTH: “Courage and commitment should be bipartisan, or really should be nonpartisan. Indeed, if we take a look at history over…”
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Discussing the implications of tax cuts during a floor speech.
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