[Congressional Record Volume 158, Number 20 (Tuesday, February 7, 2012)]
[House]
[Page H522]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
{time} 1230
SHARED FISCAL RESPONSIBILITY
(Ms. BALDWIN asked and was given permission to address the House for
1 minute and to revise and extend her remarks.)
Ms. BALDWIN. Mr. Speaker, I rise on behalf of the middle class
workers in Wisconsin and across the country who have unfairly been
paying a higher tax rate than millionaires and billionaires.
Middle class Americans deserve to know that our tax system has not
been rigged against them. Powerful special interests have manipulated
our Tax Code to ensure that the wealthiest Americans don't have to pay
their fair share. These loopholes and special provisions have made it
so that billionaire Warren Buffett's secretary pays a higher tax rate
than he does. In fact, approximately a quarter of all millionaires pay
lower effective tax rates than middle class families.
Yesterday, I introduced Paying a Fair Share Act, H.R. 3903, which
would make the ``Buffett rule'' law and ensure that middle class
workers do not pay higher tax rates than those earning more than $1
million a year. I invite my colleagues to join me in taking this
commonsense first step to strengthen middle class families and rebuild
our economy with a commitment to shared responsibility.
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