[Congressional Record (Bound Edition), Volume 158 (2012), Part 3]
[House]
[Page 4129]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              {time}  1220
                    ALL FOR ONE AND THE ONE GETS ALL

  (Mr. YARMUTH asked and was given permission to address the House for 
1 minute.)
  Mr. YARMUTH. Madam Speaker, a recent analysis of American tax 
revenues revealed that in 2010, as our country was recovering from the 
Great Recession, 93 percent of new income went to the top 1 percent of 
earners. That's $288 billion more exclusively for the 1 percent. I am 
sure my friends across the aisle were outraged that 7 percent could go 
to waste on the other 99 percent of American families.
  Their solution: the Republican 1 percent budget--a gift basket for 
millionaires and billionaires. Inside is a permanent extension of the 
Bush tax cuts, which have created an income gap in this country on par 
with Cameroon and Rwanda. But the Republicans' 1 percent budget doesn't 
stop there. It gives an additional tax break of $150,000 to people 
earning more than $1 million a year while dismantling Medicare, 
slashing education, transportation, and the social safety net to pay 
for it.
  I urge my colleagues to oppose this ``all for one and the one percent 
gets all'' budget and to support a plan that reflects our Nation's 
values of fairness and shared responsibility.

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