Paul Ryan: “I want to speak today and rise in support of the Republican Study Committee budget because it is a wonderful budget. I…”

“I want to speak today and rise in support of the Republican Study Committee budget because it is a wonderful budget. I also commend the gentleman from Iowa (Mr. Nussle) for doing an excellent job. There are two things that these budgets have in common that the other budgets that came to the floor do not have in common: Number one, these budgets get us to a balance quickly, and they do so without raising taxes by holding the line on spending. Specifically, the Study Committee budget cuts the budget in half in 3 years, and it does so by making sure that not only do we never let tax increases occur over the next decade, but also by reducing spending. This is where our priorities need to lie. The other budgets which have been brought to the floor say they are going to balance the budget in a fairly quick time. How do they do it? They raise taxes. They are trying to make sure that the tax relief that was put out to the American people this year, that is helping encourage this economic recovery that is well under way, goes away. We cannot afford to pull the rug out from under this economic recovery. These tax relief measures that passed, that help get recovery under way, need to stay in law. The Study Committee budget cuts spending, gets the deficit cut in half in 3 years, and makes sure that every tax cut that the American worker, the American economy, receives stays in place.”