Political Quotes

On the recordAugust 1, 2012
I appreciate the gentlelady's courtesy. She had it exactly right. We've gone down this path. We had an opportunity for us to see how effective the Bush tax cuts were in creating employment in America versus those high rates in the Clinton era, a couple of percentage points higher. Look at the job creation: 22 million jobs in the Clinton years when we were actually balancing the budget for 4 years in a row, reducing the deficit, versus anemic job creation in the Bush administration that was less than 5 percent of that. We've tried it their way. With all due respect, it's really hard to characterize what happened in 2010 as bipartisan legislation. The Republicans in the Senate refused to legislate. It was going to be that all the tax relief expired. A consensus was reached. A compromise was made to extend it. Hopefully, we could have worked things out, but we didn't. We're now right back in the same spot. I would respectfully suggest that what we are looking at now with my Republican colleagues, when they talk about the largest tax increase in American history, is when you put the Republican-Romney bill in effect. If you are going to have that massive cut for the wealthiest of Americans, the only way you can make that deficit-neutral is by raising taxes on the other 95 percent.…
Said by
Earl Blumenauer
Democratic · Oregon
Source
govinfo.gov
Aug 1, 2012

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