On the recordMarch 23, 2015
The point I was making is if we are serious about reducing the deficit, it is inconceivable that one does not look at the fact that corporation after corporation is paying zero in Federal income taxes. It is inconceivable that we do not recognize that in 1952 corporations contributed about 32 percent of all Federal tax revenue. Today, they contribute about 11 percent. It is inconceivable that we do not understand that according to the CRS, each and every year profitable corporations are avoiding $100 billion in taxes. How can we not look at that issue? How could your only approach be to make it harder for kids to go to college or for little children to be in the Head Start Program? I look forward to the debate we will be having over the next several days. I suspect there will be a lot of amendments being offered. I think it is fair to say, on this side of the aisle, what the amendments will be saying is that we need to create millions of jobs. We need to raise wages in America. We need a tax system that is fair and does not contain loopholes that allow the wealthy and large corporations to avoid paying their fair share of taxes. We need a budget that says women workers should earn the same as male workers. We need a budget that says we have to rebuild our crumbling infrastructure. I think there will be a lot of very serious debates. I think the differences between the two sides will become very apparent, and I hope the American people pay strong attention to this discussion.…





