WAIVING REQUIREMENT OF CLAUSE 6(a) OF RULE XIII WITH RESPECT TO CONSIDERATION OF CERTAIN RESOLUTIONS -- (House of Representatives - May 17, 2006)
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Mr. KINGSTON. Mr. Speaker, I rise in support of the rule and support of the budget, and I support the budget for a number of reasons. But I do want to say, as I listen to the arguments from the other side, they are a little bit all over the place. And yet that is not unusual, because if you are in the minority party, you can pick and choose your relevancy. And generally the message that we are hearing from that side is it cuts too much here, it doesn't spend enough there, I don't like this, I don't like that. And yet they don't have a unified plan except to vote ``no'' on everything. We won't pick up a vote, you guys know that. The only thing they are unified by is a ``no.'' They cannot even within their own caucus support a budget that could get a majority. And we would like to work with them.
We just heard they don't like the Medicare prescription drug benefits, so they are, I guess, against the Medicare prescription drug benefit and want to return to the days when seniors were choosing between food on their table and medicine that they needed from their doctor.
We have heard they are supporting a Social Security tax increase. Well, I had a lot of Social Security town meetings; I didn't hear anybody who wanted to increase taxes on Social Security. I don't know if that is an official view or just one Member, but I do know that in terms of Social Security, there again it was a big ``no'' vote because they did not want to participate.
Now, what they also don't like is the economic prosperity that we are enjoying right now, because their whole view is if somebody is making money, then they are bad and they are evil, because they have this obsession with the wealthy in our society; unless they are a union, business agent, or a Barbra Streisand and some of the big wheels of Hollywood who fund their coffers, then it is okay to be rich and wealthy.
The interesting thing, though, is that under Republican Party policy, the economy has done so well. And think about this: that the domestic gross product grew by 8 percent the first quarter of 2006, and in the month of April alone 138,000 new jobs were created. We know, because it is an economic fact, that since our tax reductions went into play for farmers and small businesses, that 5 million new jobs were created. And there is a very important thing in there, business expensing, that allows the bicycle shops back home and the clothes store and the pet shops to expand and get a tax deduction for doing so. I know the Democrat Party doesn't like business, which would include small business. I think it is okay to have a healthy distrust of some of the big Wall Street guys. Some of those firms, after all, are Democratic. So we should kind of distrust some of those. They were big Clinton supporters, as I remember some of that crowd. But small businesses need this, because they can grow, and we need to give them some tax incentives.
In terms of tax receipts, as I sit in the Appropriations Committee, and bill after bill the Democrats want to spend more on and they want to take away this mythical tax cut for the rich, and the idea is because the rich are paying their taxes that the deficit is down. And yet the Treasury Department has reported that the receipts are up $137 billion, that is 11 percent, in the first 7 months of the year, of the fiscal year of 2006 which started October 1. So receipts are up 11 percent and yet taxes are down.
Now, why is that? Well, you could put it this way. If a business was doing three or four transactions a day and we were getting a tax on each transaction, now they are doing eight or nine, ten transactions a day, and we are still getting that tax. So we are taxing more because there is more activity and there are more transactions in the business world. And, again, because of that, the revenues are up $137 billion.
Now, last year they were up $274 billion, or an increase of 14.6 percent in fiscal year 2005. That is very significant for folks to remember. And, as Mr. Saxton said, President Kennedy, President Reagan, and now President Bush have shown the American people spend their money better than we do in Washington. And, again, I want to speak as an appropriator. I am in these meetings and I am convinced the American people can do better with their own money than we can. It stimulates the economy, it creates jobs, it is good for all of us. And then, in Washington, we do get more revenues.
Do I want to cut spending? Yes, I do. Do I think we need to reform entitlement? Yes, I do. I want to work on a bipartisan basis to do that, though, because I think that is the way the American people want to see us cooperate.
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