Charles W. Stenholm: “lest anyone misunderstand, the main point that we have made regarding the tax cut, we totally acknowledge all taxes…”

“lest anyone misunderstand, the main point that we have made regarding the tax cut, we totally acknowledge all taxes belong to the taxpayer. We acknowledge that. I have no difficulty with those that say, if there is a surplus, we are going to return it to you because you can better make the decision of how to spend it, unless we are talking about national defense, and I would question that statement. But what we add to this, that simple statement is, also, it is your debt. The $5.6 trillion is current taxpayer debt of which you, if you are in your 30s, 40s, 50s, or 60s, you have enjoyed the fruits of the spending of this $5.6 trillion. Why not take some of your dollars to pay down that debt. The choice is to increase the debt and to pass it on to your children and grandchildren. The Blue Dogs say that is wrong. We encourage the President to do that which he is going to do, that is veto the tax bill. Then we hope that we can settle down and deal in a responsible way with the budget that does what we have talked about today.”