Conference Report on H.R. 1308, Working Families Tax Relief Act of 2004

CONFERENCE REPORT ON H.R. 1308, WORKING FAMILIES TAX RELIEF ACT OF 2004 -- (House of Representatives - September 23, 2004)

Mr. REYNOLDS. Mr. Speaker, by direction of the Committee on Rules, I call up House Resolution 794 and ask for its immediate consideration.

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Mr. TAYLOR of Mississippi. Mr. Speaker, for those of my colleagues who follow the debates on the House floor, they know in the past month they have heard a lot of talk about morals, about patriotism, and sound economic policy. I do not see how adding $146 billion to our Nation's debt makes any of them better. As a matter of fact, I would like the gentleman from New York (Mr. Reynolds) to look me in the eye because I am going to tell him that I think it is immoral that the Republican-led Congress has added $1,712,281,371,000 worth of debt to our Nation, to our children; and I would like the gentleman from Illinois (Mr. Hyde) to please look at me, because to our Nation's unborn children he has stuck them with that bill.

I will tell my colleagues that it is immoral that this Republican-led Congress since May 9, 2001, has stolen, and please listen to my words, stolen $521 billion from the Social Security trust fund. When my colleagues take money that people paid into Social Security and use it to the pay for someone else's tax break, they have stolen it. It is not there and they have no plan to pay it back.

I will say it is unpatriotic that in the 10 years that my colleagues have controlled this House that they have increased the national debt by $2,557,432,000,000; and by the way, one-third of all of the debt accumulated in this country in over 225 years, one-third of it has been accumulated in less than 10 years by a Republican House of Representatives.

Lastly, I want to hear someone tell me how it is sound economic policy for a Nation to borrow $3 for every $1 given back in tax breaks, and please check the Treasury figures. My colleagues have added $1,857,747,000,000 to the debt in order to give people $620 billion back.

So I will question my colleagues' morality for sticking my kids with their bills. I will question their patriotism because I think they are bankrupting this country; and lastly, I will question their so-called sound economic policy that has gone out and borrowed three bucks for every buck they gave back in tax breaks. This is not what is good for our country. It is not what is good for our kids, and it is not what is good for America.

I urge my colleagues to defeat this rule. I urge my colleagues, for once, let us draw the line and start thinking of the future of this country instead of seeing how many cute things they can do in the 40 days before the election that will get them a few more campaign contributions at the expense of trillions of dollars in debt.

The folks who said we are borrowing this money from the Chinese, every word of that is true. We now owe the Communist Chinese $300 billion. Tell me how that is good for our country.

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