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Providing for Consideration of H.R. 4297, Tax Relief Extension Reconciliation Act of 2005

Date: Dec. 8, 2005
Location: Washington, DC
Issues: Taxes Government Budget and Spending


PROVIDING FOR CONSIDERATION OF H.R. 4297, TAX RELIEF EXTENSION RECONCILIATION ACT OF 2005 -- (House of Representatives - December 08, 2005)

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Mr. DOGGETT. Mr. Speaker, when this administration took over the White House, the United States enjoyed a multi-billion dollar budget surplus. But a Republican-controlled Congress proved unable to stay the course. Instead, our public surplus has been surrendered--surrendered to special interests and their corrupt coterie of cronies.

Every time Big Oil or Halliburton or some other corporation that shifts its jobs and its profits offshore comes up here and asks for another tax break, this Congress waves the white flag of surrender. The commitment to any fiscal discipline is in full retreat. Now we have huge deficits as far as the eye can see.

At a time of war, Republicans demand no sacrifice from those at the top, no sacrifice from multinational corporations; and they demand that those at the bottom sacrifice their all.

Under this bill, the few individuals making over $1 million per year are rewarded, on the average, with over $50,000 in tax breaks. So those at the top, they can add another fancy foreign car to their fleet. But for the many who are earning up to $40,000 a year, that is over half of the people of the United States, they get an average of $30, maybe enough for a full tank of gas.

Once again, America sees that a true Republican Christmas is one where only the silk stockings get stuffed. And when the bill for this lavish Christmas give-away comes due, who is going to pay? Our children will pick up the tab in the form of endless national debt and with cuts to child care, cuts to assistance to abused and neglected children, cuts to child support enforcement, and cuts to student financial assistance.

The tax-writing body in this Chamber has truly become the ``Committee on Greedy Ways and Shifty Means.'' And this will be remembered as the ``Cut-and-Run'' Congress, cutting taxes greatly for the few, while running trillion-dollar deficits for the rest of us.

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