On the recordJanuary 5, 2007
It is unfortunate that it is being offered in a closed rule, in a setting whereupon Republicans cannot offer any constructive amendments or perfecting amendments to ensure that tax increases don't arise out of this Pelosi PAYGO plan. According to the Wall Street Journal editorial today: "Under her," Pelosi's, "PAYGO plan, new entitlement programs and all new tax cuts would have to be offset by either cut-backs in other entitlement programs or tax increases. This version of PAYGO is a budget trapdoor, designed not to control expenditures, but to make it easier to raise taxes while blocking future tax cuts." I ask to include the Wall Street Journal editorial from today, entitled "Tax As You Go," for the Record.
Source
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