Mr. Speaker, after the Tax Cuts and Jobs Act, the top 1 percent of earners in this country, who pay 40 percent of the light bills and the expenses of this growing, massive Federal Government, paid more of a share of taxes than they did less. The code got more progressive. Mr. Speaker, I yield 1 minute to the gentleman from Ohio (Mr. Carey), my friend.
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Mr. Speaker, I say to Mr. Panetta that if we do current policy and don't offset the impact of the deficit, that would be a dangerous precedent. Mr. Speaker, I yield 1 minute to the gentleman from Michigan (Mr. Bergman).
Mr. Chairman, I yield myself the balance of my time. Mr. Chair, let me also pay respects to my ranking member. He is a great guy. He has been a really good partner. We have done some really important things together on a bipartisan basis…
If we don't make these changes, this program and the federal budget in general is not sustainable.
Mr. Chairman, I yield 2 minutes to the gentleman from Michigan (Mr. Walberg), my friend and the chair of the House Education and Workforce. Committee.
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