I yield myself 2 minutes, 2 minutes to say, ``wow.'' We just heard from the sort of self-proclaimed fiscal conservative wing of the Democratic Party talking about, while it's wrong to increase debt, it's bad to send this to future generations, and then to have all of them come here and say how great it is that they're spending so much more money on all these new programs in their budget. We've also heard another claim, that there are no tax increases in this budget. Well, I've got the budget right here. The budget is a series of numbers, and the numbers are crystal clear. The numbers raise taxes. We heard from two gentlemen from Florida, two gentlemen from Tennessee and the gentlelady from South Dakota. The average annual tax increase on the average taxpayer in Arkansas is $2,462 per year. The average tax increase for the taxpayer under this budget in Florida is $3,040. The average annual tax increase for the average taxpayer in South Dakota is $2,596. And the average tax increase for the average taxpayer in Tennessee is $2,611. Now there is this thing at the end of this budget resolution in section 5, and it's a policy title. And it says, basically, we don't want to raise these taxes, we hope not to do it, but this resolution, Madam Chairman, is worth no more than the paper it's printed on. It's simply a sense of the Congress resolution.
Paul Ryan: “I yield myself 2 minutes, 2 minutes to say, ``wow.'' We just heard from the sort of self-proclaimed fiscal conservative…”
Editor's note · Context
Discussing the implications of a proposed budget and its tax increases.
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