The publication is reproduced in full below:
TAXES WILL BE RAISED
(Mr. LaMALFA asked and was given permission to address the House for 1 minute and to revise and extend his remarks.)
Mr. LaMALFA. Madam Speaker, this debt ceiling increase being contemplated isn't just about paying off things we have already committed for. It is actually a blank check for unlimited spending until December of 2022.
Our collective national debt is somewhere around $28 trillion now, or about $85,000 per person. Every American.
Now, in 2013 the lie of the year was named, ``If you like your health plan, you can keep it.'' In the Biden campaign, it was, ``Nobody making under $400,000 would have their taxes raised, period.'' That is setting up to be the next lie of the year.
The effects we see of this legislation will be 5 percent of taxpayers earning between $40,000 and $50,000 and 59 percent of those earning between $200,000 and $500,000 would be affected greatly by increased taxes.
Let that sink in. The President's plan will raise taxes on people making as low as $40,000, not the $400,000 he promised.
We should be talking about hard caps on spending and getting our fiscal house in order instead of spending on the Green New Deal that is coming up.
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SOURCE: Congressional Record Vol. 167, No. 171
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