Mr. HIGGINS. Mr. Speaker, our economic problems are eminently solvable. They just require confidence in the American people. But the American people have lost confidence in Congress, and it's easy to see why.
Exhibit A: the inability to reach a deal on a grand bargain on debt reduction. Last year, the Speaker and the President negotiated a plan to reduce the debt by $4 trillion through a mix of spending cuts and revenue increases, revenues that would come, not from raising taxes, but closing special deals, institutionalized corruption.
That plan represented a balanced and bipartisan approach. The economy today would be performing much better had that deal been enacted. But the Tea Party-controlled Republican House rejected the deal.
Exhibit B: the refusal to act boldly to create jobs and rebuild the infrastructure of America. We just spent $89 billion rebuilding the roads of Afghanistan. Last week we passed a bill to spend just $52 billion a year in rebuilding roads and bridges right here in America. That's a weak plan. In fact, it's pathetically weak. That is why the American people have lost confidence in Congress.
The best tax policy is to invest in America and the American people and to bring lost taxpayers back to work.