On the recordJanuary 20, 2011
I thank the gentleman from Missouri for allowing me to have some time here, and I appreciate the comments of the gentleman from Ohio illustrating what happens in the States. I think oftentimes we should be looking to the States as an example of what does and what does not work, and we can emulate those concepts here in Washington. You are right, as you initially said, we have a severe budget problem. There are really only two ways of trying to reconcile that budget problem: We can either raise taxes or we can cut spending. I think it is interesting to look at some other States. Cal Thomas had a wonderful article this morning--maybe it was last night--that talked about comparing what other States have done. So we see the State of Illinois, another midwestern State whose solution to their problem was to raise the personal income tax 67 percent and their corporate tax rate by over 46 percent.
