congressional_record: CREC-2012-12-31-pt1-PgH7477-5

Congressional Record — full text of everything said on the floor of Congress. Speeches, debates, procedural actions from 1994 to present. House, Senate, Extensions of Remarks, and Daily Digest.

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granule_id date congress session volume issue title chamber granule_class sub_granule_class page_start page_end speakers bills citation full_text
CREC-2012-12-31-pt1-PgH7477-5 2012-12-31 112 2     FISCAL CLIFF HOUSE HOUSE ALLOTHER H7477 H7477 [{"name": "Colleen Hanabusa", "role": "speaking"}]   158 Cong. Rec. H7477 Congressional Record, Volume 158 Issue 171 (Monday, December 31, 2012) [Congressional Record Volume 158, Number 171 (Monday, December 31, 2012)] [House] [Page H7477] From the Congressional Record Online through the Government Publishing Office [www.gpo.gov] FISCAL CLIFF (Ms. HANABUSA asked and was given permission to address the House for 1 minute.) Ms. HANABUSA. Madam Speaker, when Chairman Bernanke first coined the phrase the ``fiscal cliff,'' he was really describing the perfect storm. The fiscal cliff is not only sequestration, the impact of the Budget Control Act, but also includes and is not limited to the expiration of the Bush tax cuts, unemployment insurance, the SGR, the AMT patch, the debt limit, other tax provisions. Ergo the perfect storm--major issues that this Republican-controlled House will not address until the wealthy are protected. We must address a sufficient number of these provisions to avert the perfect storm. To do so, we must look to the building of public confidence so that we can continue steady growth in the economy and jobs, the true way to avert the cliff. This is why we must do what is best for the middle and working class first: extend the Bush taxes for the middle class, extend unemployment insurance, SGR, the AMT patch, delay the sequestration--those items which we can all agree upon. We've got to get to work. ____________________

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