I yield myself 30 seconds to make three points. The gentleman's revenue chart makes our point. After the dot-com bubble, we went into recession and revenues went down. After the tax cuts, and his own chart makes the point clear, revenues went up. Point number two, this budget, the Democratic budgets, has the single largest increase in the national debt in any given year in the history of the country. Point number three, Mr. Chairman, as the gentleman just acknowledged more or less, their budget raises taxes. We don't believe we should be raising taxes at a time when people are paying a lot just to live in a time when we're about to go into recession.
Paul Ryan: “I yield myself 30 seconds to make three points. The gentleman's revenue chart makes our point. After the dot-com bubble…”
Editor's note · Context
Discussing the implications of the Democratic budget and tax policy during a budget committee meeting.
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