It is unfortunate that the major decision we face on taxation this Congress boils down to this vote. This situation represents a failure of imagination, a failure of political will, and, sadly, a failure to invest in our future. It represents the inability of Congress to seize an opportunity for real reform. If the message of the election was that we should not add to our nation's debt, then we should not extend tax cuts that will add trillions of dollars to that debt. If voters this election were concerned about jobs, then we can have a much greater effect on employment by using a small portion of the money in question to fund a substantial transportation bill and addressing our nation's infrastructure deficit. If the election was about tax fairness, then we can do more for fairness by permanently eliminating the Alternative Minimum Tax, which no billionaire pays but which now threatens 29 million middle-income families. While we are at it, we could permanently fix the physician payment issue. These are perennial challenges. Addressing them now will require far less debt, save money in the long run, and will avoid needless heartburn for millions of people right now. Instead, the political process is failing the American people as we face a choice between a sub-optimal bill and a bad bill. We can and should do better.
Editor's note · Context
Blumenauer addresses the shortcomings of Congress in handling taxation and economic reform.
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