Paul Ryan: “What we are hearing tonight are two different philosophies, two different emotions. Over here on this side of the aisle…”

“What we are hearing tonight are two different philosophies, two different emotions. Over here on this side of the aisle, we are hearing the emotions of fear, envy, and hate. Over here we are hearing the emotions of hope, growth, and prosperity. That is what this is about. Their philosophy is, you cannot send more than enough to Washington because we can spend it better than you can. That is what we are hearing on this side of the aisle. What we believe is that you can better spend your money yourself. That is what works in this country. That is what freedom is all about. What we are doing in this tax bill, and many people say this is such a huge tax cut, what we are doing in this tax bill is letting Americans keep more of their hard-earned money. We are cutting income tax rates across the board. We are cutting taxes on investment and businesses for job creation. When we look at what has happened in this economy, when we look at the recession we are coming out of, when we look at all those things that hit this economy, the stock market, all the shenanigans at the corporate level, at the 9/11 problems, the terrorist attacks, we need growth in this economy. We need jobs in this economy. And when we see that investment in this economy has been declining for 8 consecutive years, we need to fix that. That is exactly what this tax bill does. If anyone thinks that this tax cut is too big, this tax cut is a 1 percent tax cut. We are cutting taxes 1 percent of revenues.”