On the recordSeptember 19, 2012
I come to the floor this afternoon to talk about the upside-down values and blatant dishonesty that Congressman Paul Ryan and other Republicans have put down on paper and are trying to present to the American people as their responsible budget. The truth is it is anything but. The Ryan budget would be devastating for middle-class families. It would gut our investments in education and job training, research, and our Nation's future. It would do all of that while cutting taxes for the richest Americans and biggest corporations. Now, if that is not bad enough, it gets even worse. The Ryan Republican budget would permanently cut tax rates for the wealthiest Americans to the lowest level in more than 80 years--more than 80 years. It would cut taxes for the rich below the scheduled top rate of 39.6 percent, below the Bush tax cut rate of 35 percent, all the way down to just 25 percent if you are a millionaire or billionaire. But even that is not all. What Paul Ryan and the Republicans do not want people to know is their budget does not even add up. It is fiscal fraud. It is a bait- and-switch. It is a desperate attempt to pull the wool over the eyes of the American people. Ryan and the Republicans claim they would pay for their massive tax cuts for the rich by ``closing loopholes and ending deductions.'' But they never say which loopholes they would close or which deductions they would eliminate.…





