PROPOSING A BALANCED BUDGET AMENDMENT TO THE CONSTITUTION


Robert "Bob" GoodlatteU.S. Representative
[R] Virginia, United States

Length: 47 seconds


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00:00:00 GOODLATTE: SURE.
00:00:01 I SAY THAT THE RICH PAY FAR, FAR MORE THAN OTHER PEOPLE TOO AND THEY SHOULD, BUT THIS BALANCED BUDGET AMENDMENT DOESN'T MAKE ANY DISTINCTION BETWEEN HOW YOU BALANCE IT, WHETHER IT'S BY INCREASING REVENUES, WHETHER IT'S BY ECONOMIC GROWTH OR WHETHER IT'S BY TAX

Mr. GOODLATTE. Well, I just pointed out that the rich pay far, far, far more in taxes than other people do, and they should. But this balanced budget amendment doesn't make any distinction between how you balance it, whether it's by increasing revenues, whether it's by economic growth, or whether it's by tax increases.

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