I personally do not believe we should pay for tax cuts by borrowing money against our children's future. That is why I support the Tanner substitute, which will extend the 10 percent tax bracket without increasing the deficit. This debate today is really about PAYGO, and I appreciate the fact the majority side does not want to go back to pay-as-you-go.
Discussing tax relief and fiscal responsibility during a debate on tax policy.
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More from Charles W. Stenholm
I appreciate the refreshingly honest statement of the gentleman from Kansas and what he just said because he stated quite clearly this is a vote to increase the debt ceiling. I want to ask the gentlewoman from North Carolina if she concurs…
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Reclaiming my time, I take back time because again you are totally misleading the body when you make that statement. If you go back to PAYGO as was originally passed in this body in 1990, repassed in 1993, repassed in 1997 with Republican…
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.
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