NAN A. S. HAYWORTH: “I think this is important, too, because it seems that some leaders on the other side, regardless of Chamber, have a…”

“I think this is important, too, because it seems that some leaders on the other side, regardless of Chamber, have a problem not so much with the Republican Party but with members of their own party. We have heard of many Democrats joining with us in a bipartisan fashion regardless of their economic philosophy, whether they adhere to the notion of John Maynard Keynes or whether they join us in the supply-side notion that at a time of economic downturn taxes must be reduced. Why? Because the economy needs to grow and people need more of their own money to save, spend, and invest. And the American people, Mr. Speaker, have gotten wise to the tired old argument that tax relief only benefits the rich. Indeed, if you look more closely, the top 1 percent of income earners in the United States shoulder 36 percent of the tax burden. The top 5 percent take over 70 percent of the collective tax burden.”