Responsible, pay-as-you-go government is a significant part of the new direction to which this Congress committed our country last January. Now is hardly the time to abandon that important commitment. For 7 years, spend-and-borrow Republicans have seldom met a problem in this country that they didn't address by borrowing more money and incurring more public debt. Now, when America faces a credit crunch, they say ``get more credit.'' They insist on borrowing even more money to finance another tax cut. Admittedly, under Republican rule, the AMT, the Alternative Minimum Tax, turned into the ``Aggressive Middle-income Tax.'' Republicans were so busy treating the Federal Treasury like an ATM to finance tax cuts for the wealthy few that they largely forgot about the need to permanently fix the AMT affecting the middle class. We need that permanent fix that President Bush continues to refuse to support, but correcting and reducing the AMT can be accomplished in a fiscally responsible manner. We Democrats understand that discipline is required for fiscal responsibility.
Editor's note · Context
Addressing fiscal responsibility and the need to fix the Alternative Minimum Tax during a House floor debate.
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