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Senate Proceeding on Apr 1st, 2009 :: 9:45:15 to 10:00:35
Total video length: 10 hours 55 minutes Stream Tools: Stream Overview | Edit Time

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Max Baucus

9:45:11 to 9:45:32( Edit History Discussion )

Max Baucus: these amendments when i offer them tomorrow and i thank the gentlelady from texas for madam president? the presiding officer: the senator from texas. mrs. hutchison: madam president, i'm pleased the senator from south carolina is going to have that is going to increase the

Max Baucus

9:45:15 to 10:00:35( Edit History Discussion )
Speech By: Max Baucus

Max Baucus

9:45:33 to 9:45:53( Edit History Discussion )

Max Baucus: debt this our country down to a level that can sustain our future generations. so i'm proud to work wit try to do that. i rise to discuss three amendments that i will offer tomorrow, as well. i truly believe that we have made some progress today because some of the amendments that have

Max Baucus

9:45:54 to 9:46:14( Edit History Discussion )

Max Baucus: passed will have an affect that i think will be positive on this budget because anywhere i go in my state or anywhere i go in this country people are talking about the mounting debt. it's almost breathtaking.

Max Baucus

9:46:15 to 9:46:36( Edit History Discussion )

Max Baucus: we have never seen this kd of debt. this debt just posed against our gross domestic product is the highest that we have seen since world war ii so world war ii and depression before that were extraordinary times.

Max Baucus

9:46:37 to 9:46:59( Edit History Discussion )

Max Baucus: clearly, madam president, these, too, are extraordinary times. but we have a responsibility. we have a responsibility to our country people of our country and the people who have lost their jobs in our country, to act responsibly. we have passed $1 trillion stimulus package.

Max Baucus

9:47:00 to 9:47:21( Edit History Discussion )

Max Baucus: we have passed another $1 trillion in spending just for this year, much of which was duplicative with the dislups so that is $2 billion we have obligated in the first two months of this year. now, we are looking at a budget that over a 10-year-period is

Max Baucus

9:47:22 to 9:47:42( Edit History Discussion )

Max Baucus: going to increase the debt by another now, madam president, that is not sustainable. we are c in which we will not be able to se our debt because there will be a fear we cannot repay it.

Max Baucus

9:47:43 to 9:48:04( Edit History Discussion )

Max Baucus: that will be a financial crisis for sure. so i am offering three amendments and i would like to start with amendment number 866. it would provide permanent marriage penalty relief. my amendment would establish point of order against any legislation that will impose or

Max Baucus

9:48:05 to 9:48:26( Edit History Discussion )

Max Baucus: increase a marriage penalty which is the most egregious antifamily action in our tax code. one of my the senate has been to relieve american taxpayers of this punitive burden. the marriage penalty pushes married couples into a higher tax.

Max Baucus

9:48:27 to 9:48:47( Edit History Discussion )

Max Baucus: [than two single earners earning the same combi after years of fighting this issue of equity the 2001 and 2003 tax cuts made a great stride toward eliminating the marriage penalty by lowering tax rates, doubling the standard

Max Baucus

9:48:48 to 9:49:08( Edit History Discussion )

Max Baucus: deduction and simplifying other elements of the tax prior to the bush tax cuts an estimated 25 million couples paid a penalty for being married this 1999 amount willing to

Max Baucus

9:49:09 to 9:49:29( Edit History Discussion )

Max Baucus: approximately $1,400 per couple. enacting the relief was a giant step for tax fairness but we may lose it. as marred couples use the machine they now save -- the money they save to put food on the table or clothes on the children the budget proposed by the president raised taxes on

Max Baucus

9:49:30 to 9:49:52( Edit History Discussion )

Max Baucus: the top two income. [s both of which still include marriage penalty. as a result of increasing the tax rates of this. [ththis. [this. this.

Max Baucus

9:49:53 to 9:50:14( Edit History Discussion )

Max Baucus: [-- this bracket, benefits of marriage well established. without relief the tax code gives a disincentive for people to become married. my amendment would affirm this body's commitment to the institution of marriage by creating a point of order against any legislation that would impose or increase a marriage penalty.

Max Baucus

9:50:15 to 9:50:36( Edit History Discussion )

Max Baucus: we should be celebrating marriage. marriage and families are the core of our society. we should not penalize it. amendment number 868 enacts a permanent deduction for state and local sales taxes. i have worked since i came to the united states senate to

Max Baucus

9:50:37 to 9:50:59( Edit History Discussion )

Max Baucus: rectify a tax plagues eight states. they are the eight states that have a sales tax but not an income tax. before 1986 taxpayers in these states - texas, washington, nevada, wyoming, south dakota, alaska, florida, and tennessee -- had the abity to

Max Baucus

9:51:00 to 9:51:22( Edit History Discussion )

Max Baucus: deduct their sales taxes like every tax-paying citizens from states that impose income unfortunately, citizens of some states were treated differently after 1986 when the deduction for state and local taxes, sales taxes, that is, was eliminated. together, the eight states that

Max Baucus

9:51:23 to 9:51:43( Edit History Discussion )

Max Baucus: impose sales taxes in lieu of income taxes fought though correct this from 1986 until 2004 when we finally did correct it. since then we have provided extensions every few years with the current extension set to expire at the end while the budget before us assumes an extension of that

Max Baucus

9:51:44 to 9:52:05( Edit History Discussion )

Max Baucus: valuable relief additional two years, through 2011, what we really need is to make this relief permanent. now the majority leader has an amendment which i have cosponsored to accomplish this goal. i support his effort and i welcome his leadership on the issue because it is an initiative that we must

Max Baucus

9:52:06 to 9:52:27( Edit History Discussion )

Max Baucus: accomplish to ensure fairness for our constituents. and he certainly was one of the leaders in correcting the inequity in 2004 and i appreciate that. while i support his effort i am not opposed to the approach he is taking but i do, today, rise to offer an alternative approach that ensures a permanent sales

Max Baucus

9:52:28 to 9:52:49( Edit History Discussion )

Max Baucus: tax extension by actually accounting for it directly in the budget. there is a key distinction between our amendments. the majority leader's amendment requires our states tax ex-quit to be paid paid for. i disagree our states should

Max Baucus

9:52:50 to 9:53:11( Edit History Discussion )

Max Baucus: have to pay for tax relief that not only pays for itself but is granted to every but do have income taxes or maybe they have sales taxes income taxes. it is a fundamental issue of fairness. i will support any measure that

Max Baucus

9:53:12 to 9:53:32( Edit History Discussion )

Max Baucus: makes the sales tax deduction permanent i think we should not have to be held to a higher standard than other states when we're dealing with tax relief that really pays for it sell. we should be equal in this country. the federal government should

Max Baucus

9:53:33 to 9:53:53( Edit History Discussion )

Max Baucus: not be giving brakes to people people who have income taxes but not to those who have different states. the federal government should not pick winners and losers with taxes. the amendment i am offering today will permanently end the discrimination suffered by the eight states that have no income

Max Baucus

9:53:54 to 9:54:14( Edit History Discussion )

Max Baucus: tax but do have a sales tax and don't have the option of that deduction. there should be a deduction and you should be able to cho people in an income tax state should be able to choose if that is their deduction or if they prefer they could also deduct sales taxes but the people in sales tax states that don't have an income tax should have the

Max Baucus

9:54:15 to 9:54:36( Edit History Discussion )

Max Baucus: same rights. i urge the adoption of amendment number 868 when it is brought forward tomorrow. and, madam president, is the third amendment number 867. this is the outer continental shelf resolution amendment. i want to speak in support of

Max Baucus

9:54:37 to 9:54:58( Edit History Discussion )

Max Baucus: th amendment that i is filed with my colleague, senators bond, vitter and murkowski, which ensures that we will expand domestic offshore energy production on the outer con them shelf. section 202 ofhe budget recollection directs we reduce depends on foreign sources of energy by producing green jobs,

Max Baucus

9:54:59 to 9:55:20( Edit History Discussion )

Max Baucus: promoting renewable energy development, establishing a clean energy investment fund and encouraging conservation and efficiency. while i support these initiatives which will play a role in making our country more energy independent we cannot overlook our own domestic oil and gas resources inhe outer

Max Baucus

9:55:21 to 9:55:43( Edit History Discussion )

Max Baucus: continental shelf which this budget before us does. the goal of reducing our nation's dependence on foreign sources of oil is one that both sides of the aisle should be able to agree on. our president has said we must reduce our nation's imports of oil. it isrresponsible to put our

Max Baucus

9:55:44 to 9:56:05( Edit History Discussion )

Max Baucus: xk and national security in the hands of unstable and unfriendly regimes. today, we import over 60% of our energy needs. too much comes from unstable and unfriendly regimes like venezuela and parts of the

Max Baucus

9:56:06 to 9:56:27( Edit History Discussion )

Max Baucus: middle east n2008 we spent $475 billion on imported oil. this amendment that i is reduce america's dependence on foreign sources of america and minimize future increases in gasoline prices and help reduce the debt with new lease revenue. we must reduce our dependence on

Max Baucus

9:56:28 to 9:56:50( Edit History Discussion )

Max Baucus: dictators like chavez who control our energy supplies. increased domestic oil-and-gas production at home in the waters off our shores will help us reduce our foreign dependency and make us more energy independent and we can do it in an environmentally safe manner.

Max Baucus

9:56:51 to 9:57:11( Edit History Discussion )

Max Baucus: expanded energy production off u.s. shores will also help us minimize future price increases with a lack of supply that could increasing supply will certainly bring it back down. some will say, well, low now, why should we that is exactly the kind of

Max Baucus

9:57:12 to 9:57:32( Edit History Discussion )

Max Baucus: attitude that will assure that prices go up. we could sit back and wait for oil prices to go back up and then act. but, mr. president, we have more responsibility and certainly hopefully more leadership in the united states senate than to wait because we know if supplies

Max Baucus

9:57:33 to 9:57:53( Edit History Discussion )

Max Baucus: dwindle, prices will go up. we have oil right here on our own shores. we need we are the only nation in the world who has an abundance of energy supplies and use it. every other nation either

Max Baucus

9:57:54 to 9:58:14( Edit History Discussion )

Max Baucus: doesn't have energy supplies or is trying very hard to get some kind of energy in their own countries. and we have the capability to provide for our energy independence doing it. mr. president, we are letting down the people of our country if we don't.

Max Baucus

9:58:15 to 9:58:37( Edit History Discussion )

Max Baucus: so i urge support for amendment number tomorrow. mr. president, i just want to end by saying i'm a cosponsor of senator mccain's amendment that would be a substitute for this budget. i hope to be able to talk on the floor tomorrow about his substitute.

Max Baucus

9:58:38 to 9:59:00( Edit History Discussion )

Max Baucus: i believe we must produce an alternative to this we have certainly criticized how big it is and how much we have to borrow tpay for it and the taxes that have to be raised. this is a responds too were, borrows too much, and taxes too much.

Max Baucus

9:59:01 to 9:59:22( Edit History Discussion )

Max Baucus: we can do better in this country and the substitute that senator mccain and i and other consponsors will certainly do mo in budget down to a sustainable size and doing what this country. it basically freezes spending

Max Baucus

9:59:23 to 9:59:44( Edit History Discussion )

Max Baucus: and adds the rate of inflation so that the programs if place right now will be able to grow with inflation but it will show the american people that we mean to cut back in the outyears of this spending so that we will not increase the debt

Max Baucus

9:59:45 to 10:00:05( Edit History Discussion )

Max Baucus: fact, the mccain substitute will lower the debt that is envisioned in this obama budget by $3.9 trillion. this would be our first step toward fiscal responsibility and doing what the sene ought to do. mr. president, i hope to talk more about the

Max Baucus

10:00:06 to 10:00:26( Edit History Discussion )

Max Baucus: substitute of what i amendment cosponsor because i think it is the responsible approach and i think it is our responsibility to provide an alternative. i would also ask unanimous as a cospons of marriage penalty amendment number 866. the presiding officer: is there

Max Baucus

10:00:27 to 10:00:35( Edit History Discussion )

Max Baucus: an objection? the presiding officer: hearing none, so ordered. mrs. hutchison: i urge my colleagues to support these

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