On the recordOctober 5, 2017
I thank the gentleman for yielding. Mr. Chairman, I want to go off script for a little bit and echo the comments the gentleman was making. He talked about the Reagan tax cuts and what they did to stimulate the economy and to grow tax revenues and to allow hardworking American families to keep more of their paychecks. I would also go on to remind the gentleman from Kentucky, to disabuse him about his views of tax reform, and remind him that President John F. Kennedy, a Democrat, reduced the top marginal rates from 93 percent to 73 percent. The economy grew, more jobs were created, and more revenue was created for the Federal Government. Mr. Chairman, the Federal Government doesn't have a revenue problem. It has a spending problem. That is what we tackle with the Republican Study Committee budget. I thank Mr. McClintock for his incredible and insightful leadership in generating the FY 2018 RSC budget that we are now considering. The House Budget Committee's budget proposals continue to benefit from the framework of the RSC budget by including meaningful, enforceable reconciliation targets, as our budget does. The House budget will begin the essential task of implementing these policies into law. Other instances where the RSC-led budget proposals have historically wound up being adopted in the larger House budget include the following: First, balancing the budget within a 10-year budget window.…
