Mr. DUNCAN of Tennessee. Mr. Speaker, no Republican in Congress is trying to protect millionaires or billionaires. In fact, Republicans lose most of the wealthiest counties and neighborhoods by very large margins. Much of the impasse in the current negotiations is over who is going to spend the money. Republicans do not want higher taxes simply because so much of what the Federal Government spends is lost to waste, fraud, and abuse.
The most wasteful, inefficient way to spend money is to turn it over to the Federal Government. The best way to create jobs and hold prices steady is to let private citizens spend and invest as they choose. The wealthy do all right even in socialist countries. But lower-income and working people come out much better in countries that allow the most free enterprise. Millionaires and billionaires can take care of themselves. Republicans are simply trying to help create jobs and keep the cost of living from going out of sight for ordinary people.