Don Nickles: “I will speak on time off the resolution. My colleague keeps coming back saying we want to sock it to the wealthy. You…”

“I will speak on time off the resolution. My colleague keeps coming back saying we want to sock it to the wealthy. You don't do that in a budget resolution. You tell the committee to raise more taxes. I will tell you that all we are assuming the committee is going to do is extend present law. This would make it so you can't do that. That means low-income people are going to see a tax increase, if we don't extend present law. That is what we are assuming we are going to do. I know my colleagues would like to raise the 35-percent rate. That is what corporations pay. A lot of us really do not think individuals will pay more than Exxon. How about a little fairness? I tell my colleagues that this idea of tax and spend, we are always going to tax that person behind the tree, it is going to be that multimillionaire, that is not the way the Budget Committee works and that is not the way the Finance Committee works. We have defeated these amendments. I hope we will continue to defeat the amendments that sock it to them by raising taxes and increasing spending.”