Committee of the whole house on the state of the union for further consideration of h. R. 2936 which the clerk will report by title. The clerk a bill to expedite under the National Environmental policy act of 1969 improve Forest Management activity on National Forest system lands, on public lands under jurisdiction of the bureau of Land Management and on tribal lands to return resilience to overgrown, fireprone forested lands and for other purposes. The chair when the committee of the whole rose earlier today, a request for a recorded vote on amendment number 7 rinted in house report 115378 offered by the gentleman from new mexico, mr. Pearce, had een postponed. Pursuant to clause 6 of rule 18, proceedings will now resume on those amendments printed in house report 115378 on which further proceedings were postponed in the following order. Amendment number 2, mr. Khanna of california. Amendment number 3, mr. Ohalleran of arizona. Amendment number 7 by mr. Pearce of new mexico. The chair
And that was hed asked you about mindless austerity, mindless sequestration cuts, ndless which was both in your written testimony and your spoken testimony. Do you really mindean mindless or was that a misspeak . What i mean by that is we sspea should look to make smart cuts hould in programs that arent working. It doesnt say smart. It says mindless. The implication of mindless is that it t applies a kind of across the board one size fits all approach to cutting spending as opposed to what i think were trying to do in our budget, which is to be much mortar getted. Fair enough. But i guess the point the chairman was getting at is given that bob woodward wrote about it and he says it was the brain child of jack lew in the white house. Was the president not smart in offering that proposal . I think the history was it was something that was thought to be so bad that it would neverd neve go into effect. So i dont think anybody at the time thought it was a smart strategy for reducing our bud
Government spending is something that does not guilty gel with real life. In other words all of these government expenditures in some of the graphs that we show today are because were not taking their money so therefore, that e kwatquates to Government Spending where in real life does not taking somebodys money equate to spending again, the credible credibility gap, i think increases when statements like that are made. By the way, if thats the case, i think that what . Our gdp is what . 17 trillion . What we take in revenue and taxes is about roughly about 3 trillion. Ballpark figures. So, in essence, that means that were spending 14 trillion because thats money that the government is not taking from the economy. So should we then call that 14 trillion in Government Spending . No. Thats ludicrous. And its ludicrous to say that money that we are not forcefully taking because people dont pay this willingly, theyre forced to pay is somehow Government Spending. Credibility gap. When one sa
Peoples opinion. They have their own experiences with this economy good or bad, and i suggest you stop digging once youre in a hole of that size. My question of you is how much business taxes are included in this budget. So what our budget does on taxes we propose a fully paid for set of middle class tax cuts that is paid for in the way that i discussed before. With business tax increases . Actually i want doesnt include any business tax increases. What are the taxes . I notice youre planning a massive increase for Capital Gains tax, nearly doubling the Capital Gains tax rate from the beginning of thiS Administration. All were doing is proposing to take it back to what it was under reagan. Are you proposing to take the income tax rate back down to where it was under reagan . We are propose inging a comprehensive, revenueneutral business tax reform. Were proposing to fully offset the tax cuts for 44 million middle class families average 600 drars ewith the Capital Gains tax. Heres the p
Test test test test test test test test test test test test test test test test test test test test test test test. That weve seen substantial improvement. The thing that they want to see get better is they want their wages to grow. And that is the key focus of middle class economics. Thats what this budget focuses on. It helps their paychecks go further in the short run by helping them pay for child care send kids to college for retirement and it helps create the jobs of the future and make sure families are ready to take those jobs with training and other investments. Director, are those surveys of politicians or surveys of real American Workers . Those are all surveys of the American People. Thank you very much. Now, is it accurate to say that the debt has increased under both parties over the past 15 years . That is correct. Thats correct. Both parties. Yes. So as a result i think that over this period, weve seen Interest Payments increase under leadership from both sides of the ai