Bill Archer: “Mr. Chairman, it is very interesting when the Democrats present charts and numbers. Again, statistics as I have said…”

“Mr. Chairman, it is very interesting when the Democrats present charts and numbers. Again, statistics as I have said earlier, do not lie, but. Their numbers almost exclusively are based on the Treasury Department's analysis, and the Treasury Department is an arm of you know who. The Treasury Department's analysis of distribution tables has been thoroughly discredited. The Joint Committee no longer uses that formula. They abandoned it prior to the time that we Republicans ever took over the control of this House. They abandoned the fictitious imputation of income to everyone who owns their own home as if it were being rented. They abandoned the arbitrary assignment of unreported and under-reported income because the Treasury thinks they know that each of us is not accurate in what we report. Therefore, that has got to be added on. This system of distribution tables in the hearings before the Committee on Ways and Means was thoroughly discredited. But that is the basis of all of their comments. And yet the Joint Committee, which is the commercial nonpartisan arm of the House and the Senate of this Congress, has issued their burden table which shows that under this tax bill the top 1 percent and the top 10 percent will pay more as a percentage of total taxes collected than the middle income or the lower classes will pay compared to current law. That is what the people of this country should understand.”