Hello everyone! The House is hearing the opening statements about the 2012 budget proposal. Here is what I plan on saying. Hopefully we can get some support on both sides and pass this bill through. Wish me luck!
Good morning everyone. Speaker Boehner, esteemed members of Congress, and my fellow Democrats. It is my pleasure to be able to address you today. I am Nancy Pelosi, the representative from California’s 8th district. But what I am here to talk to you about today is much greater than my personal constituency. It is something that affects our country as a whole, and deserves our undivided attention. The 2012 Budget Proposal is an issue of much importance that cannot, and should not, be put off or slowed down by politics. It is an issue with direct ties to the very core beliefs of our founding fathers. You see, this country was founded on a belief in an American dream. That anyone who was willing to work hard and follow our laws can make something of their lives, regardless of where they came from, what they looked like, or who they were.
Today this American dream is becoming harder and harder to achieve, but Americans began feeling this strain even before this most recent recession. Over the past several years they began to see that hard work and tough decisions did not necessarily mean that they get to keep their slice of the economic pie, regardless of the role they played in creating such prosperity. Those at the very top began to see their wealth increase, while the rest of Americans struggled just to maintain in a time of rising costs of living. When their incomes did not keep up with these rising costs Americans were forced to stretch them further and further, sometimes being forced to raise their families on a single income when they hadn’t had to before. But to rub salt on an already very open wound, the growing gap is being fostered by the difference in the way our tax code treats the different classes. Americans are not blind to the gap between the tax rate on the wealthiest Americans and everyone else. In fact, in a poll conducted by ABC News and the Washington Post between the 1st and 4th of this month, 68% of Americans believe that the current tax code favors the wealthy. In a nation whose growth depends heavily on our middle class, this sentiment should be regarded as a great tragedy. However, as disappointed as they are, our middle class is a part of the majority of Americans who realize that, in order to help raise money to solve the problem. This bill, in accordance with the 67% of people recently polled this month by the New York Times, would force Americans making over $1 million a year to pay a 30% tax rate. This bill would also eliminate the tax breaks that allow the wealthiest of Americans to get away with paying less than someone making less money. At the same time, we would be making the necessary cuts to spending that isn’t effective, making our government leaner, and better able to save in sectors like the military, Medicare, and Medicaid.
Once we do receive the new tax dollars, we would be able to improve other aspects of the economy, including our infrastructure. In a recent CNN and ORC joint Poll, 72% of Americans feel that we need to increase our spending to build and repair our roads, bridges, and schools, in order to better serve our citizens. Not only would it bring newer, and safer, technology to our citizens, but it would make everyday life easier while, perhaps most importantly, creating jobs with the added bonus of not causing any new spending.
Creating jobs, as you all are fully aware of, is an aspect of the economy that still needs some help, and as members of congress it is our duty to try and help this job creation for our constituents. We as democrats feel that this bill does an excellent job of doing just that. The building of new infrastructure along with programs like Project Rebuild will create a plethora of new jobs, which in turn will allow for businesses to gain more profit. The continuation of the payroll tax cut and tax incentives for on shore job growth gives businesses even more to hire, while the extension of unemployment benefits to the end of this year will give people more time to find these new jobs while staying in their homes. This section of the bill is morally just and strongly supported, as 88% of Americans believe in spending more on infrastructure projects. There is no reason for us as members of Congress to be opposed to something so helpful to the American people, and so necessary to the achievement of the American dream.
Another part of this American dream that is so fundamental to future economic stability is the ability to attain an education that can compete in a continually globalizing society. This bill is a great advocate of education spending and for that reason, we as Democrats are strongly in support of it. The money provided for this section of the bill will help states hire more qualified teachers, which is something that 75% of Americans in a recent CNN poll are strongly in favor of. For every step of the education process, there is support for this bill, especially for those crucial first five years. This is something that our nation in its entirety has been struggling with, and must be addressed if we as Americans plan on maintaining our position as a global hub for new findings and developments in all fields. This bill even helps families afford college, something that has become a necessity in the globalized society we live in today. All in all, it is an excellent response to the problems we face as a nation today.
For the reasons mentioned above, we as Democrats stand in support of this bill, and hope that the points brought up in this speech have convinced you to feel the same if you didn’t already. I realize that this is a re-election year, and that some may be tempted to bring politics into something as essential as a balanced budget. The American people need something to be done now, and it is our job as members of Congress to get the job done quickly, and smoothly. Let us prevent something so clearly beneficial to the American people from becoming so painfully divisive, and come out with a bipartisan budget we can all be proud of. I thank you for your time.
