Tim Ryan: “They are not going to see a tax increase. Again, keep your tax forms from this year, compare them to what you fill out…”

“They are not going to see a tax increase. Again, keep your tax forms from this year, compare them to what you fill out next year. There will be no tax increase. Period, dot, Mr. Speaker. When you wonder why the fiscal conservatives gave the Democrats a chance and why we are passing balanced budgets, why we passed a rule in the House called PAYGO which says if you spend money, you got to pay for it. You got to find a cut somewhere to cut it out. Here is why they voted for us: This President and the Republican Congress, as we have stated ad nauseam on this floor, have borrowed more money from foreign interests in the last 6 years than any other President and Congress before them combined. Combined. From foreign interests. Now, look here: Japan; China; UK; Caribbean; OPEC countries, $67 billion of our debt; Japan; China, $349 billion. Now, we are trying to compete with China. And one of our friends was up here earlier today with an amendment. We have to compete against China. No kidding. Well, then why did you, he wasn't here, but why did his predecessors before him borrow over $600 billion from China, and then turn around and say, hey, aren't we competing with the bank we are borrowing from? How are we going to work this out?”