The resolution that is before us contains a net tax cut of $122 billion. At the same time information put out by the majority indicates they can pay for a permanent repeal of the gas tax, a cut in the capital gains, which I happen to support, estate tax relief, small business expensing, AMT relief, expansion of IRA's and extension of expiring tax credits. By my math, that is more than $122 billion.
Discussing the financial implications of a tax resolution during a House floor debate.
Share
More from Charles W. Stenholm
But I sat here and listened carefully to his very eloquent speech that was totally irrelevant to the motion that is before the House. We are not talking about raising taxes. We are talking about being concerned about the rising deficit…
The effect of this motion would be to call on the House and the Senate to have a full and open debate and vote on increasing the debt limit, instead of using the budget resolution to avoid a debate on increasing our Nation's debt limit…
I rise in deep sadness about the way this House is being run. A rule which denies the ranking member of the Committee on Ways and Means an opportunity to offer a serious, responsible amendment on an issue as important as this is should…
I appreciate that. I hope that the chairman and ranking member understand the concern here. As I said before, I have always followed the recommendations of the Air Force. We have some concerns, we are standing down the 13th bomb squadron…
Other voices in this conversation
