[Congressional Record Volume 157, Number 111 (Friday, July 22, 2011)]
[House]
[Page H5378]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                        TAX CUTS FOR THE WEALTHY

  (Mr. MURPHY of Connecticut asked and was given permission to address 
the House for 1 minute.)
  Mr. MURPHY of Connecticut. Madam Speaker, in the 5 years leading up 
to the economic collapse in 2008, 67 percent of the new wealth that was 
created in this Nation accumulated in the hands of the richest 1 
percent. They now control about two-fifths of all the money in this 
Nation. But our Republican friends block them out of their line of 
sight when they look to see who can pay for our mounting deficit. They 
see only Social Security recipients and Medicare recipients, the 
disabled and the hungry.
  It was bad enough that we were crazy enough as a Nation to fight two 
trillion-dollar wars while cutting taxes for the wealthy at the same 
time. Now Republicans are asking only the most vulnerable to help pay 
for it and threatening to collapse the world's economy by defaulting on 
American debt at the same time.
  I won't stand for it, Madam Speaker, and my constituents won't 
either. Social Security and Medicare recipients didn't get us into two 
mismanaged wars. They didn't get the benefit of the Bush tax cuts, and 
they shouldn't have to pay for it.

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