Mr. Speaker, it is rather ironic but this is a very straightforward motion. It simply says to this body that if Members want to take credit for cutting taxes we need to take the responsibility for the increased debt as well. Or I would put it in light of the last announcement, the three new little Rohrabachers I am concerned about today and I do not want us to add $95 billion additional debt to the three new little Rohrabachers that we just applauded. This debate is not about whether or not we should end the marriage tax penalty. Every Member of this body supports marriage penalty relief. The debate is whether we should do so with borrowed money, adding more debt on top of our $7.1 trillion national debt, or paying as we go. PAYGO worked in the nineties, 1990 and 1997. I believe it will work today if we can just start enforcing it. I do not believe we should pay for tax cuts by borrowing money against our children's future. That is why I supported the Rangel substitute, which would provide for a full and permanent elimination of the marriage penalty without increasing the deficit. Congress should be required to sit down and figure out how to make things fit within a budget just like families across the country do every day. Unfortunately, the leadership of this House seems to have forgotten that common sense principle.
Charles W. Stenholm: “Mr. Speaker, it is rather ironic but this is a very straightforward motion. It simply says to this body that if Members…”
Editor's note · Context
Addressing the responsibility of tax cuts and national debt during a House floor debate.
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More from Charles W. Stenholm
You are mischaracterizing my amendment. We are suggesting that the tax cuts be extended through next year. You are describing something that is not going to happen in my amendment, leaving a wrong impression with the people that might be…
That is the problem. That is the problem. It is a lack of understanding. PAYGO means you have got to come up with the spending cuts to take care of the amount of tax cut.
We did it in 1997. It was Democrats like me that stood up with Republicans and got it done.
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