On the recordJuly 19, 2011
Madam Speaker, the only thing Cut, Cap, and Balance is bad for is for Members of Congress because we are going to actually rein in spending. They're actually going to have to live within a balanced budget. I would also highlight rule XXI, section 5(b). I have heard a lot of rhetoric in the news and other places about how there is going to be such a higher standard. It should be noted that the passage of a tax rate increase, a bill or joint resolution, amendment, or conference report carrying a Federal income tax rate increase may not be considered as passed or agreed to unless so determined by a vote of not less than three-fifths of the Members voting. It was that same standard and threshold when Nancy Pelosi was the Speaker of the House as it is today, so we have had that higher standard for raising taxes. That is nothing new. At this time, I would like to yield 2 minutes to the gentleman from Wisconsin (Mr. Ribble), a freshman Member.
