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Mr. RYAN of Wisconsin. I yield myself 1 minute, Mr. Chairman.
We have had a good three days of debate here. I plan on saying more in a few moments, but I find it really interesting, I don't see much of a defense of the budget that the gentleman is offering, and more of the continually what I would call discredited attacks against ours. Our budget increases spending on average by 3.5 percent over the next 10 years instead of 5.2 percent.
We are proposing to spend $43 trillion over the next 10 years instead of the $48 trillion. This is draconian, awful, evil, terrible, hurting people.
We have seen this movie so many times over and over again. All the other side is offering is just keep doing more of the same; the same economics that we have had for the same 5 years, just keep doing more of that.
If taxing, borrowing, and spending was working, we would know by now. It is not.
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Mr. RYAN of Wisconsin. Mr. Chairman, I yield myself 30 additional seconds.
That is why we need a different direction. That is why we owe the country an alternative; one that actually grows the economy, one that balances the budget and pays off the debt, one that secures retirement not with empty promises but real reforms, one that goes after waste and cronyism, one that respects people and does not offer more and more and more and more control in Washington.
With that, I reserve the balance of my time.
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Mr. RYAN of Wisconsin. Mr. Chairman, I yield myself such time as I may consume.
First off, let me start off by saying to my friend from Maryland: I am glad we are having this debate, and this is the last time the two of us are doing this, and it has been a pleasure.
I also want to thank the staff. All of our staffs have put so much hard work into this. I want to thank our staff, led by our great staff director, Austin Smythe, for all that he has done. I want to thank the people over at the CBO who work really long hours producing all of these estimates so that we can write these budgets.
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Mr. RYAN of Wisconsin. Mr. Chairman, the differences between our budgets and our approaches could not be more clear. Let me take them one by one.
We have had a number of substitutes on the floor. There is one consistent theme from the substitutes offered by our friends on the other side of the aisle. While we are offering a budget that balances the budget and pays off the debt, they are offering a budget that never, ever balances.
They are starting with a $1.8 trillion tax increase. That is on top of the $1.7 trillion tax increase that has already occurred. They go as high as offering in the Progressive Caucus budget a $6.6 trillion tax increase.
They are offering not only a spending on autopilot going out of control today, they want to raise it higher, $791 billion in this budget to as much as $3.3 trillion in more spending. They are offering a budget to add trillions to the debt.
Now, when they say they want to raise taxes, and that is what their proposal is, again, they like to say it is just on the rich: Anybody listening, don't worry, it is not on you, it is on just these few rich people.
Here is the problem. They have a funny way of defining the rich. They have a funny way of defining it as small business. Most of our jobs come from small businesses. Those are the people who are going to get hit with this tax increase. That is where our jobs come from.
Second, we have seen this movie before, and we know what it looks like. They have already raised taxes $1.7 trillion. Look at the taxes on ObamaCare. They were supposed to be taxes on the rich. It taxes everybody. It doesn't matter how much you make. You are going to get hit with a tax: a mandate tax, a sell-your-house tax, taxes, taxes, taxes.
Are they raising all these taxes so they can pay off the debt? No--to fuel more spending.
Here is what we are proposing. Here is what the gentleman doesn't want to say. We are saying have revenue-neutral tax reform, meaning take the amount of revenues we bring into the government today, keep that same revenue, but clean up this awful Tax Code. Plug the loopholes, cancel loopholes so that we can lower tax rates for families and businesses across the board to create more jobs, more economic growth. We have already gotten the studies that tell us doing this helps a lot.
We are taxing American businesses at much higher tax rates than our foreign competitors are taxing theirs, and they are winning and we are losing. So we are saying, fundamental comprehensive tax reform, stop picking winners and losers in Washington, lower tax rates.
Second, this House Democrat budget increases spending by $740 billion above what would happen if we did nothing. That is $5.9 trillion more than our budget. They used to call this stimulus. I remember just a few short years ago all these ideas were called stimulating and stimulus. Remember, Mr. Chairman, we have done this. And guess what? Stimulus didn't work.
So now they call it investment. If you disinvest, that means you are not spending enough. An investment, just remember every time you hear the word investment, it means: tax, borrow, spend in Washington. Take money from hardworking taxpayers, borrow from the next generation, and spend more money in Washington. That means take money from businesses, take money from small businesses, take money from people creating jobs, borrow more money from China, leverage it against the next generation, spend more in Washington.
We will spend $3.5 trillion this year. Spending is slated to go above about 5.2 percent on average. We are basically saying let's get this under control; 3.5 percent is enough.
What they will also say is look at what we are doing on Medicare, all these awful things that we are doing on Medicare. We are saving it for the current generation by preserving it as is, and then we are making sure that it is there for the next generation.
Here is the dirty little secret. Look at what they have already done to Medicare. It was ObamaCare that ended Medicare as we know it, it was ObamaCare that raided $700 billion from Medicare to spend on ObamaCare, it was ObamaCare that set up this new rationing board of 15 unelected, unaccountable bureaucrats to put price controls on Medicare, which will lead to denied care for seniors.
It is the House Democrats' budget that is complicit with the Medicare trust fund going bankrupt in 2026. Our budget strengthens Medicare, saves it for this generation, and puts reforms in place so that the next generation can count on it without having 15 bureaucrats running the program.
Look at what they are proposing on national security. They track right along with the President's budget. They are proposing to cut compensation for our men and women in uniform, to hollow out our force, to cut training and readiness and structure, not to lower the deficit, but to fuel more domestic spending. So we will have an Army lower than anything we have seen before World War II, we will have a Navy smaller than what we haven't seen since before World War I, we will have an Air Force smaller than we have ever had before, not for deficit reduction, but for more domestic spending. We reject that approach.
Finally, their budget adds $4.3 trillion to our national debt. That is despite this massive tax increase. Their budget never balances, ever.
Under their plan, in 2024, the deficit will be $637 billion. At the end of the day it is just not credible.
We trust the American people to have more control over their lives. We reject this budget. Let's balance the budget, grow the economy, create jobs, and pay off our debt, and pass the House Republican budget.
Mr. Chairman, I yield back the balance of my time.
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