[Congressional Record (Bound Edition), Volume 156 (2010), Part 8]
[House]
[Page 11238]
[From the U.S. Government Publishing Office, www.gpo.gov]




                             RAISING TAXES

  (Mr. BURTON of Indiana asked and was given permission to address the 
House for 1 minute and to revise and extend his remarks.)
  Mr. BURTON of Indiana. Mr. Speaker, the majority leader today gave a 
speech, and he indicated that we have to raise taxes. He said the 
deficit was so big--due in large part to the spending on the Democrat 
side of the aisle--that the deficit was so big, we have to raise taxes. 
There's no other way.
  When Ronald Reagan took office back in 1980, he heard the same thing. 
Everybody said that the spending was out of control, that we had to do 
more with less, and we had to raise taxes. Ronald Reagan talked to a 
guy named Art Laffer, who is an economist. He said, The way to get the 
economy moving was to cut taxes, to give people more disposable income, 
to give businesses more money to invest, and the economy would right 
itself. And it did, and we had 20 years of prosperity.
  Now the Democrats, under the leadership of Mr. Hoyer, want to raise 
taxes, take money out of people's pockets, take money out of 
businesses, and say that's going to solve the problem. It will compound 
the problem and make the recession much, much worse. What we need to do 
right now is what Ronald Reagan did--cut taxes, give people more 
disposable income, and give businesses the ability to grow. That's how 
you create jobs.

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