House Proceeding 04-06-06 on Apr 6th, 2006 :: 3:49:10 to 3:52:57
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3:48:53 to 3:49:10( Edit History Discussion )

John M. Jr.Spratt: to other topics worthy of debate. i yield two minutes to the gentleman from new jersey, mr. pascrell. mr. pascrell: i hope the gentleman from north carolina stays on the floor. you know,

3:49:10 to 3:49:20( Edit History Discussion )

Bill Jr.Pascrell: i'm dismayed because this is the first time in a long time that this branch has upped the president's ante. this budget, the scheme that you defend, might be the only budget proposal in

3:49:10 to 3:52:57( Edit History Discussion )
Speech By: Bill Jr.Pascrell

3:49:20 to 3:49:35( Edit History Discussion )

Bill Jr.Pascrell: the world which actually manages to be worse than the president's original budget. i want to congratulate you and that is exactly why the american people have no confidence in your ability to

3:49:35 to 3:49:52( Edit History Discussion )

Bill Jr.Pascrell: govern any longer. this five-year budget scheme will only exacerbate the current regressive tax policies which tax income at a higher rate than assets. you talk about productivity and in the last

3:49:52 to 3:50:04( Edit History Discussion )

Bill Jr.Pascrell: five years, yes, productivity has increased by 8% and wages are flat, flat, flat. income from work from average americans can easily be taxed at twice the marginal rate as the income from

3:50:04 to 3:50:16( Edit History Discussion )

Bill Jr.Pascrell: wealth from millionaires. you sit there and you stand there and you defend those millionaire tax cuts. donald trump is taxed less on all of his investments than barry the accountant is taxed

3:50:16 to 3:50:28( Edit History Discussion )

Bill Jr.Pascrell: on his middle-income wages. i'm a member of homeland security, mr. chairman, and let me tell you something. i just heard this budget defended in terms of port security when we know that

3:50:28 to 3:50:46( Edit History Discussion )

Bill Jr.Pascrell: c.b.o. says that all three major, says all major problems are underfunded and the goods coming into this country are not screened, examined properly. we had a meeting on it yesterday in case

3:50:46 to 3:51:01( Edit History Discussion )

Bill Jr.Pascrell: you missed the news. the reckless tax policies of this budget will only continue to balloon. our national debt which currently stands at over $8 trillion, and they stand and defend this. these

3:51:01 to 3:51:13( Edit History Discussion )

Bill Jr.Pascrell: austere conservatives, this budget scheme will add an additional $2.2 trillion in debt over five years. and by the way -- mr. spratt: i yield the gentleman one additional minute. mr. pascrell: there

3:51:13 to 3:51:28( Edit History Discussion )

Bill Jr.Pascrell: is no scientific evidence none whatsoever that documents any essential relationship between the tax cuts have you defended to those making over $200,000 and the improvement in the economy.

3:51:28 to 3:51:42( Edit History Discussion )

Bill Jr.Pascrell: nada, nothing, zero, yet you keep on referring to this great economy. why don't the american people feel this great economy? why do just you feel this great economy? in total, extending the

3:51:42 to 3:51:58( Edit History Discussion )

Bill Jr.Pascrell: president's tax cuts for the wealthy will cost $196 billion over only five years and $2 2.5 trillion over 10 years at the end result of which is fiscal madness. is that a millionaire gets

3:51:58 to 3:52:11( Edit History Discussion )

Bill Jr.Pascrell: a tax cut of over $150,000 a year . while middle-income taxpayers only get a few hundred dollars. we support those tax cuts to the middle income. and to those who are are the working poor. we support

3:52:11 to 3:52:19( Edit History Discussion )

Bill Jr.Pascrell: increasing the strength of the eitc, the irned income tax credit which your president ronald reagan put together and this president has tried to zero out. you don't want to have people work --

3:52:19 to 3:52:30( Edit History Discussion )

Bill Jr.Pascrell: the chairman: the gentleman's time has expired. mr. pascrell: can i have another half minute? mr. spratt: i yield an additional 30 seconds. mr. pascrell: you want to harp about public assistance.

3:52:30 to 3:52:41( Edit History Discussion )

Bill Jr.Pascrell: we want to keep people at work. the earned income tax credit has not increased. and you should be ashamed of yourselves what you've done to the middle class and what you've done to the poor and

3:52:41 to 3:52:57( Edit History Discussion )

Bill Jr.Pascrell: burdened their children for generations to come. i thank you, mr. chairman. and i thank you for your courtesies, mr. chairman. thank you. the chairman: the gentleman from iowa. mr. nussle: i yield

3:52:57 to 3:53:11( Edit History Discussion )

Jim Nussle: myself a minute. i'm sure i misunderstood what the gentleman just said. you mean to tell me he supports tax cuts? my goodness. he supports cutting taxes for people? i can't believe my ears.

3:52:57 to 3:56:46( Edit History Discussion )
Speech By: Jim Nussle