[Congressional Record Volume 158, Number 112 (Wednesday, July 25, 2012)]
[House]
[Pages H5211-H5212]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                              {time}  1230
                        EVERYONE GETS A TAX CUT

  (Mrs. MALONEY asked and was given permission to address the House for 
1 minute.)
  Mrs. MALONEY. Madam Speaker, there seems to be some misunderstanding 
on the other side of the aisle on the tax cuts that the Democrats are 
now proposing.
  Yes, we want to cut taxes for the middle class. We think that it is 
critical for our economic recovery. We also want to cut taxes for 
everyone else, including the most fortunate, but only on the first 
$250,000 of their earnings. On that portion of their earnings, they 
will receive the exact same tax cut as the middle class. But if we hope 
to seriously address the issue of long-term deficits and debt, we can't 
do it by spending cuts alone.
  According to the nonpartisan fact-checking organization 
FactCheck.org, in 2009 Federal tax rates were the lowest level in 30 
years. Let's make one of those hard choices the other side of the aisle 
likes to talk about. Let's extend the middle class tax breaks, but let 
the tax cuts for the most fortunate expire and use every bit of that 
revenue to help pay down the deficit and get our economy moving in the 
right direction.

[[Page H5212]]



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