TEMPORARY TAX RELIEF ACT OF 2007
Mr. RYAN of Wisconsin. I thank the gentleman for yielding.
You know, I want to clear up a couple of facts. The other side has been saying this provides tax relief, reducing taxes for 10 million, millions of people. No, it's not. People's taxes are not going to go down. If this bill passes, 23 million people will not see lower taxes next year. They may not see a tax increase.
This is not about cutting people's taxes. This does not provide tax relief. This prevents tax increases on some and raises taxes on others. So let's be very clear here; what the majority is trying to do and what their new rules do is they say, if you want to bring a bill to the floor to address the alternative minimum tax, you better raise taxes, because that's the only legislation we'll accept.
What the majority is doing is they're saying, by not raising taxes on people, we're giving them a tax cut. Holy cow. That is new logic. We are simply saying, let's not raise taxes. That's it. Period. End of story.
This tax law was never meant to be. It was never designed to tax all of these people. We all agree on this. And so I find it kind of puzzling that we're bringing this bill to the floor, which we know will not pass law. The other body won't even bring it up for a vote, so it just shows how bound and determined the majority is to raise taxes, how bound and determined they are to put on this new glide path of going to taxing our economy, our society, our workers, our families more than we have in the history of our country.
They are saying, we don't like the alternative minimum tax, but we want those tax revenues. So instead of taxing people this way, we are going to tax people that way and get all this new money into the Federal Government.
Mr. Speaker, the problem in Washington is not revenues; the problem is spending. Both sides could do a better job on spending. I freely admit that. Let's focus on controlling spending and not raise taxes.