The Path to Prosperity is a Trip to Nowhereby Representative Mark Takano
Posted on 2013-03-12
TAKANO asked and was given permission to address the House for 1
minute and to revise and extend his remarks.)
Mr. TAKANO. Mr. Speaker, I rise to address the so-called ``Path to
Prosperity'' that was released today by the distinguished gentleman
from Wisconsin (Mr. Ryan).
As a freshman Member of Congress, I was hoping to look at the Republican budget with a fresh set of eyes and focus on areas where both parties, Democrats and Republicans, can agree. Too often Congress focuses on what divides us and not what unites us. But looking at the gentleman from Wisconsin's proposal, all he's given us are [[Page H1343]] vague bullet points that fail to say much.
Mr. Ryan says he'd like to eliminate loopholes. Great. Democrats would love to do that, too. But how can we do so when Mr. Ryan won't even specify which deductions or credits he'd eliminate? I'd like to close the carried interest loophole and end tax breaks for private jets and luxury yachts, but what set of loopholes does Mr. Ryan want to close? It's a mystery. What tax breaks would Mr. Ryan like to cut? The home mortgage interest deduction? The child tax credit? Let me stop you right there, Mr. Ryan, because cutting those programs will hurt the middle class residents of my district, and I will not support such cuts.
This is not a path to prosperity. For the middle class, it's a trip to nowhere.
Mr. Ryan says he is a serious policymaker, but looking at this proposal, I'm not sure what he's serious about.