[Congressional Record Volume 159, Number 28 (Wednesday, February 27, 2013)]
[House]
[Page H675]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       THE PRESIDENT'S SEQUESTER

  (Ms. FOXX asked and was given permission to address the House for 1 
minute.)
  Ms. FOXX. The President is hitting the road this week for yet another 
tax increase on hardworking Americans. He already raised taxes just 8 
weeks ago. Why the sudden urge to do it again?
  The President says this is the plan to replace his sequester that's 
scheduled to hit on March 1, but the President and the rest of the 
Democrats who run Washington apparently haven't figured out that we 
cannot tax our way out of this mess. Tax revenues are set to double 
over the next decade, and top tax rates have hit their highest levels 
since 1986. We are already taxing wages and salaries at rates as high 
as 44 percent.
  We need to replace the President's sequester with commonsense 
spending cuts and reforms, not more taxes. The House has acted twice to 
achieve this, and now the President needs to put forward a serious 
plan.

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