[Congressional Record Volume 151, Number 152 (Wednesday, November 16, 2005)]
[House]
[Page H10233]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                         BUDGET RECONCILIATION

  (Mr. DeFAZIO asked and was given permission to address the House for 
1 minute.)
  Mr. DeFAZIO. Last night, the Ways and Means Committee pulled aside 
the curtain to show us what the direct link is between tax cuts for the 
wealthy and cutting programs for students and struggling families.
  Dividend tax cuts for wealthy investors so they will have to pay 
taxes at a rate lower than a teacher or a supermarket checkout clerk. 
The trade-off is, well, student loans, $14 billion in cuts. But, hey, 
those rich coupon clippers need the money.
  Then we have food security, school lunch. Those little kids are just 
eating too much. We get something called look-through treatment of 
payments between related CFCs under foreign personal holding company 
income rules for the same price. Nice trade-off on the Republican side 
of the aisle.
  Then, of course, extending further tax cuts to those who don't work 
for a living but live on capital gains. The small trade-off for that is 
depriving millions of Americans under the Medicaid program of needed 
essential medical care and dumping those costs onto the States and 
those of us who buy insurance because a lot of it will be un-reimbursed 
care.
  Great work, you guys. You're helping out your patrons and sticking it 
to the rest of America.

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