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Video archive of the US Congress

House Proceeding 03-13-08 on Mar 13th, 2008 :: 0:12:08 to 0:15:39
Total video length: 58 minutes Stream Tools: Stream Overview | Edit Time

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Maxine Waters

0:08:52 to 0:12:08( Edit History Discussion )
Speech By: Maxine Waters

Maxine Waters

0:11:58 to 0:12:08( Edit History Discussion )

Maxine Waters: our economy. the progressive caucus budget also focuses on cutting the fat from our bloated pentagon budget. our military is still preparing to fight the cold war against the ussr. i won't go

Jeb Hensarling

0:12:08 to 0:12:23( Edit History Discussion )

Jeb Hensarling: any further into that. i thank the gentlewoman for the time. the chairman: the gentlelady's time has expired. the gentleman from texas. mr. hensarling: how much time remains on each side?

Jeb Hensarling

0:12:08 to 0:15:39( Edit History Discussion )
Speech By: Jeb Hensarling

Jeb Hensarling

0:12:23 to 0:12:32( Edit History Discussion )

Jeb Hensarling: the chairman: the gentleman from texas has 19 minutes. the gentlelady from california has 18 minutes. mr. hensarling: mr. chairman, i yield myself three minutes. the chairman: the gentleman is

Jeb Hensarling

0:12:32 to 0:12:45( Edit History Discussion )

Jeb Hensarling: recognized for three minutes. mr. hensarling: mr. chairman, i think it's very important for all the american people who are following this debate, we always hear these claims that all we

Jeb Hensarling

0:12:45 to 0:12:57( Edit History Discussion )

Jeb Hensarling: are going to do is somehow tax the rich. again we have heard the gentlelady from california say that this budget balances, but according to the congressional budget office headed up by a

Jeb Hensarling

0:12:57 to 0:13:12( Edit History Discussion )

Jeb Hensarling: democrat, their appointee, the only way that that budget balances or any of the democrat budgets balance is by huge automatic tax increases that will take place over the next few years. and under

Jeb Hensarling

0:13:12 to 0:13:28( Edit History Discussion )

Jeb Hensarling: the tax increases that will take place in current law, you're going to have 116 million taxpayers see an average tax increase of $1,800 a year. more than six million low-income individuals

Jeb Hensarling

0:13:28 to 0:13:42( Edit History Discussion )

Jeb Hensarling: and couples who currently pay no tax, no tax will no longer be exempt. approximately 48 million married couples will face an average tax increase of $3,000. low-income, i repeat low-income

Jeb Hensarling

0:13:42 to 0:13:53( Edit History Discussion )

Jeb Hensarling: families with one or two children will no longer be eligible for the refundable child tax credit in 2011. roughly 12 million single women -- we no that often to be poor in america is to

Jeb Hensarling

0:13:53 to 0:14:11( Edit History Discussion )

Jeb Hensarling: be a single mother -- 12 million single women will see their taxes increase by $1,100 per year. and again don't take my word for it. go to the congressional budget office and look at the

Jeb Hensarling

0:14:11 to 0:14:19( Edit History Discussion )

Jeb Hensarling: numbers in their impact on all the different tax brackets. . those at the lowest bracket today, the 10% bracket, are going to see their tax increase 50% to a 15% bracket. so i hope the

Jeb Hensarling

0:14:19 to 0:14:32( Edit History Discussion )

Jeb Hensarling: american people are watching this debate very closely, because every time we hear the democrats say, oh, we're going to tax the wealthy, we're going to tax the wealthy, that's a sign for

Jeb Hensarling

0:14:32 to 0:14:45( Edit History Discussion )

Jeb Hensarling: any working american to hold on to their wallet, mr. chairman. that's what that is a sign of. and we're also debating today the a.m.t., the alternative minimum tax, which would have been more

Jeb Hensarling

0:14:45 to 0:15:01( Edit History Discussion )

Jeb Hensarling: aptly named the absolute maximum tax. well, when that was brought to the floor by the democrats in the first place, mr. chairman, we were told it would affect only 150 high-income americans.

Jeb Hensarling

0:15:01 to 0:15:11( Edit History Discussion )

Jeb Hensarling: and today we know it threatens 25 million americans with an additional tax payment of over $2,000 a year. so our friends on the other side of the aisle can't have it both ways. either you

Jeb Hensarling

0:15:11 to 0:15:27( Edit History Discussion )

Jeb Hensarling: do not lance the budget, or if you do, you certainly have no spending discipline in your budget, then you're doing it through the tax increases. and look at the numbers of your congressional budget

Jeb Hensarling

0:15:27 to 0:15:39( Edit History Discussion )

Jeb Hensarling: office. they say you'll impose the single largest tax increase in american history. and it's not just aimed for the wealthy. it's aimed at all. i yield back. the chairman: does the gentleman

Dennis J. Kucinich

0:15:39 to 0:15:52( Edit History Discussion )

Dennis J. Kucinich: reserves his time? mr. hensarling: i reserve my time. the chairman: the gentlelady from california. ms. lee: i yield three minutes to the gentleman from ohio, congressman dennis kucinich. the

Dennis J. Kucinich

0:15:39 to 0:18:35( Edit History Discussion )
Speech By: Dennis J. Kucinich

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