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Tim Ryan: what happened, what we had done here is we have a chart that we broke down and basically puts in the perspective, what…

On the recordJune 17, 2005
what happened, what we had done here is we have a chart that we broke down and basically puts in the perspective, what has been happening down here. As you can see, on the left, it is the red chart. It is the cost in trillions of dollars over the next 10 years to make President Bush's tax cuts permanent, of which a majority went to people who make over $500,000 a year, $1.8 trillion is what we are going to spend over the next 10 years. This is our priority. Tax cuts for rich people. The next is of that tax cuts for the top 1 percent, $800 million. Now, the top 1 percent in this country make a lot of money. So we are going to take $800 million from education and health and all these other programs, and we are going to give that $800 million back to the top 1 percent of the people in the country. Now look at this. This is the bar for how much we are going to spend over the next 10 years for veterans budget authority, $300 million. $300 million. Why would we choose permanent tax cuts for people who make over four, five, six, seven, $800,000 a year? Warren Buffett, Bill Gates, they are going to get the big tax cuts. Our friends at Enron, Tyco, all the big dogs are going to get a tremendous amount of money, and yet, we are shutting out veterans. We have thousands of veterans who are now in our hospitals in Bethesda and Walter Reed who are coming back single, double, triple amputees.…
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Tim Ryan
Democratic · Ohio

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