[Congressional Record (Bound Edition), Volume 154 (2008), Part 5]
[House]
[Page 5995]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              {time}  1215
                         MIDDLE CLASS TAX CUTS

  (Mr. ALTMIRE asked and was given permission to address the House for 
1 minute.)
  Mr. ALTMIRE. Madam Speaker, congressional Democrats are prioritizing 
tax cuts for the middle class. Our budget made clear that we intend to 
extend and pay for the Bush tax cuts that directly impact middle class 
families.
  In fact, the Democratic budget identifies the specific tax cuts that 
we would like to see extended, such as: marriage penalty relief; the 10 
percent lower income bracket; the child tax credit; small business 
expensing; and the R&D tax credit.
  But like our fiscally irresponsible colleagues who advocate a 
continuation of this administration's failed economic policies, the 
Democratic budget achieves balance in 4 years and ensures that any 
increased spending or decreased revenue must be offset by comparable 
budget cuts.
  Rather than just charging the cost to the national credit card and 
increasing our indebtedness to foreign nations like China and Japan, 
Democrats want to go in a new direction by ensuring that our budgets 
are balanced and our Tax Code is fair for all Americans.

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