[Congressional Record (Bound Edition), Volume 153 (2007), Part 6]
[House]
[Page 8125]
[From the U.S. Government Publishing Office, www.gpo.gov]




              FISCAL RESPONSIBILITY WITHOUT RAISING TAXES

  (Mr. PASCRELL asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. PASCRELL. Madam Speaker, rather than pulling out the tired old 
talking points of ``tax and spend,'' I wish my colleagues and my good 
friends on the other side of the aisle would actually read the 
Democratic budget resolution. Really, it makes for pretty good reading.
  If they did, they would see that nowhere in the budget do we call for 
any increase in taxes; nowhere.
  In fact, if the Republicans read our budget, they would see that it 
actually directs the Ways and Means Committee, of which I am a member, 
to come up with immediate relief for middle-income families who would 
otherwise be subject to the alternative minimum tax. Unless we reform 
that tax, 19 million families will have to pay higher taxes in 2007.
  The President played games with this tax, coming up with only a 1-
year fix. You hear it in your own districts. Democrats are committed to 
coming up with a permanent solution.
  Our budget allows the Ways and Means Committee to extend other 
middle-income tax relief, including the child tax credit and marriage 
penalty relief, while remaining true to the PAYGO principle.
  Madam Speaker, this is a good budget that provides tax relief to 
middle-income families, and at the same time, finds balance within the 
next 5 years. I suggest we take a look at it.

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