On the recordAugust 1, 2012
This week there was some disturbing news about Members of the House. One of our finest, longest-serving Members, Mr. LaTourette of Ohio, a Republican, announced he wasn't going to run for reelection. He said he couldn't run for reelection because of the gridlock and the difficulty getting things done. He was for income, revenue--not for Grover Norquist's pledge that most of the Republicans have signed. And because he was for revenue, which is what the Democrat plan is, in taxing the wealthiest and most financially blessed in this country, he gave up because he said, you couldn't get things done. That's a shame. People ask, why is there partisan gridlock? This is a perfect example. The two sides agree that people making $200,000 a year or married couples making $250,000 a year should get continued tax breaks. We should pass that, as the Senate did. We know that can become law and guarantee those tax breaks. The difference that we have is whether people making over $200,000 single and $250,000 married get tax breaks. They will get tax breaks on that amount of income but not on the income over that. I have been blessed in my life, and I have had sufficient monies to do the things I want. But I have never made $250,000 a year. I consider that a lot of money. On the Democratic side, we call that middle class tax cuts. The reality is, in my perspective, it's upper-middle class tax cuts and middle class tax cuts.…
