taxes, the 2% you say don't pay their fair share. i think the top 5% pay almost 40 of our total revenues. the report i just mentioned kind of analyzes i think what the president's plan is. in those businesses you're talking about.

at the end of the day? >> you know, i didn't vote for it. i completely understand the members that did. nobody likes sequestration, but nobody wanted the debt ceiling to be breeched either. and the members who voted for it, the president signed it, it wasn't, yea, sequestration.

>> but it is the law. we all agree we need avoid it. but to balance the deficit reduction to avoid sequestration. >> thank you. this hearing is adjourned. [captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute]

>> today on c-span, president obama makes a campaign stop in plansfield, ohio. then it's today's "washington journal" live with your phone calls with congressman jim jordan from ohio. followed by live coverage of today's house session. >> today on "washington journal," starting at 7:00 a.m.

eastern on c-span. >> we have to be really clear about the very many ways that we own ourselves. and that we own our history and that we make decisions that our history is phenomenal, vital and special. >> the former president of bennett college, julian malveaux writes about the history and your tweets of the author of her book, in-depth on c-span 2's book tv. this weekend on american history tv, was the turning point of the gettiesburg -- >> was it robert e. lee's

emergence of the suffield commander marked a decisive moment that profoundly shaped the larger direction -- >> university of virginia professor on the battles that drove the union army away from the confederate capital. sunday, more from the contenders, a series that looks at key political figures that ran and lost and changed political history. >> i will remind you that extremism in the defense of liberty is no vice. >> this week's arizona senator barry goldwater, the presidential candidate that lost to l.b.j., on c-span three. >> in remarks a campaign stop yesterday, president obama criticized mitt romney's tax plan saying it hurts the middle

class. from mansfield, ohio, this is 20 minutes. >> hello, ohio. well, it is good to be in plansfield, i hope everybody is having a great summer. a couple of people i want to acknowledge. first of all, please give a huge round of applause to brenda for that great introduction. and go try some of her pizzaa, if you have not tried it.

you've got a testimony right here that says it's outstanding. i want to thank her so much for doing this. a couple of other people, your former governor ted strickland is here. give him a big round of applause, and although he couldn't be here because he's got -- i just want to tell you that you could not have a stronger advocate than your hometown boy, the united states senator from ohio, sharon brown. [applause] >> we love you! >> i love you back. [applause] and i want to thank all the team leaders here working so hard on this campaign. finally, i just think it makes sense for us to give it up for

all of our outstanding american athletes competing in london right now. competing in london right now. i would like to congratulate michael phelps. the most medals we have ever seen. i had a chance to congratulate the women's gymnastics team. when i am watching -- when people run track, i understand. i know how to run. they are just much faster. i know how to swim. they just swell much better than i do. these gymnastics folks -- i do not understand how they do what they do. i told these young ladies as i was congratulating them, how do not want your head every time you are on that little balance

beam? i could not walk across that little balance beam. we could not be prouder of them. there ought a lot of ohioans who are representing our country. we will be rooting for army specialist justin lester. the wonderful thing about the olympics is that it reminds us that, for all our differences, when it comes down to our country, we are americans first. we could not be prouder of them and everything they are doing on our behalf. unless you have been hiding from your television, you may be aware there is a pretty intense campaign going on right now.

the reason this is an intense campaign is because the choice we face in november could not be bigger. this is a stark choice. it is a choice not just between two candidates or two parties, more than any election in recent memory, this is a choice between two fundamentally different visions for america, two fundamentally different paths that we could be going down. i appreciate that. the direction that we choose, the direction you choose when you walk into the voting booth in november will have a direct impact on your lives, but also on your children's lives and your grandchildren's lives. four years ago, we came together as democrats, but also as

independents and republicans to build the greatest middle class and the most prosperous country the world has ever known. it is a bargain that i have lived in my life and so many of you have experienced. it is the basic idea that, here in this country, if you work hard, that work should be rewarded. if you act responsibly, you should be able to get ahead. if the -- if we put in enough effort, we should be able to find enough -- a job to pay the bills. we should have health care we can count on if we get sick. we should be able to retire with dignity and respect. and most of all, we should be

able to give our children the kind of education that allows them to train even bigger and do even better than we ever imagined. that is what we believe. it is a simple american problem. it is at the core of the american dream. we knew that restoring it would not be easy. we knew it would take more than one term and more than one president. that was before the middle class was hammered by the worst economic crisis of our lifetime. the crisis wrought -- robbed too members of our country of their dream. the crisis did not change who we are. it did not change the american character. it did not change what made us

great. it has not changed why we came together to do what we did in 2008. it has just made our mission more urgent. [applause] our first order of business is to recover all of the jobs and wealth that were lost in the crisis. we have made strides in these last three and a half years to get that done. but beyond that, we are here to reclaim the financial security that has been slipping away for more than a decade. the decade before i came into office, your income and wages were not going up. jobs were moving overseas. the auto industry was getting hammered. our job is not just to put people back to work. it is also to build an economy where over the long haul that work pays off so that no matter who you are or what you look

like or where you come from, here in america, you can make it if you tried. -- you try. [applause] that is why this campaign is about and that is why i am running for a second term as president of the united states of america. [crowd chanting "four more years"] there are no quick fixes or easy solutions to the challenges we face. but there is no doubt in my mind that we have the capacity to meet them. think about everything we have going for us here in america. we have the best workers. we have the best entrepreneurs. we have the best scientists.

we have the best researchers, the best colleges, the best universities. i have a buckeye guy right here. [applause] we are a young nation with great diversity of talent and ingenuity. people want to come here from every corner of the globe. the matter with the naysayers tell us, no matter how dark the other side tries to make things look, there is not another country on earth that would not gladly trade places with the united states of america. [applause] what is standing in our way is not that we do not have the ingredients to make the 21st century american century just like the 20th. the problem we have right now is our politics and the uncompromising view, the notion

that we should be going back to what we were doing that got us into this mess in the first place instead of going forward to achieve a brighter american future. it is that old top-down economics that we have been hearing about for years. the old discredited idea that if we somehow get rid of regulations on big corporations and give more tax breaks to the wealthiest americans, that will lead to more jobs and prosperity for everybody. ohio, you know better. i know better. we know this country was not built from the top down. it was built by the middle class. it was built by farmers and factory workers and start-ups and small businesses and companies that send american products overseas, not send

american jobs overseas. that is what built ohio and that is what built america. [applause] and that is what we are fighting for. that is what we are fighting for right now. that is the economy we need to build together. i promise you, we will not get there if we adopt these ideas that somehow spending more money on tax cuts for millionaires and billionaires who do not need them and are not asking for them is actually going to improve the economy. we tried that. it does not work. despite the evidence, the entire center piece of my opponent's economic plan is a new $5 trillion tax cut on top of the bush tax cuts. the bulk of his tax cuts will go

to the very top. a lot of it goes to the wealthiest 1% of all households, folks making more than $3 million a year, the top 1/10 of 1% would get a tax cut of almost $250,000. folks making $3 million a year or more would get 250,000 dollars in tax cuts. it gets worse. who doy opponent's plan, you think it's the bill for this -- gets the bill for this 250,000 dollar tax cut. you do. you do not have to take my word for it. just today, an independent, non-

partisan organization ran the numbers on governor romney's plan. it was not my staff. was not something we did. an independent group ran the numbers. they found that if governor romney wants to keep his word and pay for this plan, he would have to cut tax breaks that middle-class families depend on to pay for your homes, the home mortgage deduction, to pay for your health care, the health care deduction. to send your kids to college. that means the average middle- class family with children, according to this study, would be hit with a tax increase of more than $2,000. and here is the thing. he is not asking you to contribute more to pay down the deficit. he is that asking you to pay

more to invest in our children's education or rebuild our roads or put more folks back to work. he is asking you to pay more so that people like him can get a big tax cut. in order to afford just one 250 thousand dollar tax cut for somebody like mr. romney, 125 families like yours would have to pay another $2,000 in taxes each year. does that sound like a good plan for economic growth? does that sound like a plan you can afford? how many of you want to pay another $2,000 to give mr. romney or me another tax break? ohio, we do not need more tax cuts for folks who are already doing really well. we need tax cuts for working

americans. we need tax cuts for families who are trying to raise their children and keep them healthy and send them to college and put a roof over their heads. [applause] we do not need more tax cuts for companies who are shipping jobs overseas. we need tax cuts for companies who are creating jobs right here in the united states of america. [applause] that is the choice in this election. that is why i am running for a second term as president of the united states. [applause] i have a different plan for america than mr. romney. four years ago, i promised to cut middle-class taxes. that is exactly what i have done by a total of $3,600 for the typical family.

now i want to keep income taxes exactly where they are on the first $250,000 of everybody's income. if your family makes 250,000 dollars a year, you will not see your income taxes increase by a single dime and next year. [applause] if you are fortunate enough to be in the other 2% of america, all we are asking you to do is contribute a little bit more. this includes me, by the way, so that we can pay down our deficit and invest in things like education that are going to help us grow over the long term. in terms of cutting our deficit, i will make sure government does its part. we are going to cut away

stinting we do not meet. we have already cut $1 trillion. we can do more. i will not pay for massive new tax cuts for millionaires and billionaires and cut investments that have kept the middle class strong. all we are asking people like me and mr. romney to do is go back to the rates we pay under bill clinton. [applause] i do not know if you remember. that is when our economy created 23 million new jobs. the biggest budget surplus in history. here is the kicker. it actually created a lot of millionaires because when the middle class is doing well, our businesses do well. when folks have money to spend, they buy a new car and the car companies do well and they hire more workers.

when you have extra money in your pocket, you go and get some pizza from brenda. she decides that maybe she can afford to hire another worker. that is how we grow our economy. roads and bridges and getting our steelworkers back to work -- [applause] they have more money to spend. maybe they will buy that new computer. maybe they will decide to take a new vacation. all of that money circulates in the new economy and it makes us all grow. here is the bottom line, ohio. if you believe mr. bromley's plan and his congressional allies -- if you genuinely believed that plan will make you better off, if you believe it is ok to set our sights lower

and settle for something less, by all means, send these folks back to washington for the next few years. but wouldn't we all be better off if we kept fighting for the things that have always made us strong, if we fought to make higher education more affordable so that more young people can go to college. would we be better off if we invested to develop new sources of american in? if we kept investing in manufacturing so that we could sell goods around the world stamped with the words made in ohio, made in the united states of america. [applause] in five years or 10 years or 20 years, wouldn't we be better off if we got the courage to

keep moving forward? to keep working our way that? that is what i believe. that is why i am running for president. my hair may be more grave than in was four years ago -- gray that it was four years ago, but my determination to do right by you is stronger than effort. my faith in you is stronger than ever. still believe in me like i believe in you, i hope you will stand with me in november. i am asking you to stand with me in november. i am asking you to join this cause. let's finish what we started in 2008. let's put the middle-class back in the forefront. let's remind the world why it is

that the united states of america is the greatest nation on earth. god bless you. god bless the united states of america. [applause] ♪ ♪ ♪ >> at the foot of that bridge, i was beaten. i thought i was going to die. i thought i was going to die.

>> in 1965, john lewis took part in the voting rights march that took them across the bridge. >> we came in hearing distance of the state troopers. a man identified himself and said, i am with the alabama state troopers. this is an unlawful march and it will not be allowed to continue. one of the young people walking beside me said, give us a moment to pray. the major said, troopers advance. >> across that bridge. sunday at 8:00 p.m. on "q & a." >> the democrats will vote on their final funding recommendations.

party's coverage of the conventions began august 10 with the reform party in philadelphia, followed by live gavel-to-gavel coverage of the republican national convention and the democratic national convention live from charlotte north carolina. >> the house, yesterday, passed the republican tax-cut bill. their bill prevents the bush era tax rates from expiring by extending them to 2013. 19 democrats joined republicans in voting for the bill. here is part of the debate prior to the vote. it begins with dave camp and senator levin. mr. camp: mr. speaker, i rise today in support of h.r. 8, the job prevention and recession prevention act. in doing so i and my fellow

republican house colleagues have me important choice, the choice to focus on job creation. unfortunately, my colleagues on the other side of the aisle who oppose this important piece of legislation have made a different choice. the choice to focus on tax hikes that destroyjobs. the job prevention and recession prevention act stops the tax hike we face at the end of the year and provides a one-year extension of the low tax policies originally enacted in 2001 and 2003 and then extended ain in 2010. the 2010 bill was supported by 85 current house democrats, 40 current senate democrats and president obama. importantly, this legislation allows congress time to pass and enact comprehensive tax reform. without causing undo harm to our fragile economy. economists have noted that

comprehensive tax reform, when paired with appropriate government spending cuts, could lead to the creation of one million american jobs in the first year alone. the choice republicans have made is to pass this bill, work toward comprehensive tax reform and creat jobs. in contrast, my democrat colleagues have proposed raising taxes. they claim the tax hike will only affect the rich. what they don't want to tell you is that in reality this tax hike will hit neay one million small businesses and 53% of small business income. a study conducted by ernst & young concluded that the democrat tax hike could lead to the loss of over 700,000 jobs. that's the choice that democrats made, to raise taxes on families and small businesses and destroy jobs. america is at a crossroads. as this chart illustrates, and

the question is, which path will our country take? the democrats' path will cause 700,000 lost jobs. or the republicans' plan that will lead to the creation of one million jobs in the first year? what's even worse is that in eir quest to raise taxes on the so-called wealthy, several of my democrat colleagues have made it clear that they're willing to hold low and middle income americans hostage by threatening to let all taxes rise at the schedule -- as scheduled at the end of the year if they don't get their way. now, theseassive and imminent tax hikes are part of the fiscal cliff or jobs cliff as i offer refer to it that we face at the end othe year. the nonpartisan congressional budget office says going over the fiscal cliff could cost america two million to three

million jobs. this will be a devastating blow to almost 13 million americans who are unemployed as well as to the middle class americans who have been struggling in the obama economy. now, mr. speaker, the choice to me is obvious. let's pass this bill, let's work toward comprehensive fax reform that creates a simpler, fairer tax code for all americans, most importantly, that creates the jobs we so badly need. i urge my colleagues on the other side of the aisle to reconsider their choice, to increase taxes and destroy over 700,000 jobs. now is not the time to dig the hole we're in any deeper. instead, democrats should take the advice of people like former president clinton d larry sommers and join republicans to stop the tax hike, work to strengthen our economy and get our country back on track. and i reserve the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from michigan, mr. levin. mr. levin: i yield myself such

time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. levin: there is a choice to be made here, and it isn't wha the chairman has put forthfor one second. everyone in this body agrees that we should extend the middle class tax cut. the senate passed a bill that does just that. the president is ready to sign it this week. the middle class families of this country need certainty, not some vague promises about something to b done in the

future. so the question is, if everybody agrees that we should continue the midd class tax cut, why don't we come together? the answer is this. the senate bill continues all the tax cuts f every american household on their first $250,000 of income. 114 million families would see their tax cuts extended in full. 97% of small businesses would keep all of their tax cuts, according to the joint tax committee. 97%. so why don't the republicans join us in acting? i think the answer is clear. this chart shows it. they're insistent, their

priority is cutting taxes for the very wealthy. they want to give households that earn more than $1 million a year a tax cut on average of $160,000. this chart shows that we have here for middle class families $2,200. for the verywelly, $160,000. that's over 70 tim more a tax cut for millionaires than for typical families. and what makes it worse, if possible, is it would add $49 billion to deficit this republican bill also would raise taxes on 25 million families, 25 million. those who benefited from the eitc, from the child tax

credit, and a higher education tax cut which they would credit -- credit that they would eliminate altogether. and it's still worse. the bill we're gointo discuss tomorrow, so-called tax reform, essentially would provide someone earning more than $1 million a $331,000 tax cut. this debate is not about tax reform. it's about whether or not we protect the very wealthy at all costs. at all costs. for middle income families. for everybody except the very wealthy. there's talk about 700,000 jobs being lost. that study financed by special

interest friends, it's been discredited by every fact checker. and you know, they're talking about 70 times more for the millionaire than for middle income families on average when in 201193% -- in 2011, 93% of incomerowth went to the top 1% of wealthy households. 93%. and they come here and say, as their first priority, is protecting the very wealthy. now this isn't about tax reform. we need to work on this. this is about whether the first priority of the republicans is protecting the very wealthy, holding hostage middle income families.

let middle income family hostages be released. be released. join together for what everybody says they are for. let's pass today our substitute and give a middle income tax cut to everybody. including 97% of small businesses. i reserve the balance of my time. the speaker pro tempore: the gentleman's time is reserved. the gentleman from michigan, mr. camp. mr. campi yield two minutes to the distinguished chairman of the health subcommittee, mr. herger. the speakepro tempore: the gentleman is recognized for two minutes. mr. herger: mr. speaker, this house must act to stop the midnight tax hike that threats to hit all american taxpayers on december 31. this midnight menace includes a 50% cut in the value o the child tax credit. higher taxes on dividends for

seniors living on fixed income. the return of the infamous marriage penalty for working families. and the alternative minimum tax ensnaring middle income taxpayers. an average family of four with an income of $50,000 could see a tax increase of almost $2,200 a career. the president says he wants to stop the midnight tax hike for some taxpayers, but not all. he claims that he merely wants the wealthy to pay more but the truth is, that his taxncrease proposal would especially hit small business owners. as someone who comes from a small business background myself, i understand that many small businesses pay taxes as individuals. their inco includes money

that they reinvest in the business to expand and hire more wkers. a big tax increase could harm the very businesses we are relying on to create more jobs. in fact, a new sdy bierness & young suggests that the president -- by ernst & young suggests that the president's tax proposal would cost more than 700,000 american jobs. . speaker, what lane will you choose? i urge the house to pass h.r. 8 and prevent a tax hike for all americans. i yield back. the speaker pro tempore: the gentleman from michigan, mr. levin. mr. levin: i yield myself 10 seconds. when you look at mr. herger's district, he's standing up to protect 180 people who have income over $1 million, sacrificing a middle income tax

cut for 285,000. i now yield two minutes to the very distinguished chairman, former chairman, and a gentleman from new york, mr. rangel. the speaker pro tempore: the gentleman is recognized for two minutes. mr. rangel: thank you, mr. chairman. i've never been so fortunate in this house to have the republicans state thergument as clearly as they have this afternoon. and i think wally herger said it. it is possible not that we're talking about a tax cut. people are working every day to try to make ends meet. they don't know the wonderful tax cut that they are enjoying. but you bet your life if we don't come together, we don't reach agreement, ey'll understand what a tax hike is. and that's exactly what's going

to happen to 98% of the tax paying people of this great country. taxpayers who work every day who raise their families porks buy from the local merchants that keep small business alive are going to fd out, probably too late, that the republican party says you don't deserve the lower tax rate. then they may ask, what's holding this up? if everyone agrees that they should have it? we're going to have to explain to the middle class what the republicans are explaining to us. that somehow we are to believe that less than 2% of the population is creating the jobs and rely supporting the economy. i don't know where they've been or how they're going to me become but they haven't been creating jobs and they haven't been spending and investing money.

but even if there was a controversy, why the heck are we holding hostage 98% of the people? if republicans agree and democrats agree and liberal and conservatives and even tea party people agree that these people work hard every day, should continue to have this tax cut, then why the hk don't we agree to give it to them? and if it ever becomes that we're in a political debate and it's only about less than 2% of 100%, then let's fight like the devil over that and see who prevails. but it's not going to be hard for us to explain this if you do this to the hardworking american people, shame on you. the speaker pro tempore: the gentleman's time has expired. the gentleman from michigan, mr. camp. mr. camp: i yield three minutes to a distinguished member of the ways and means committee, mr. roskam. the speaker pro tempore: the gentleman is recognized for three minutes. mr. roskam: i thank the

gentleman for yielding. i'd like to pause and just listen and think through a couple of armes we've been hearing over the past couple of weeks from our friends on the other side of the aisle and from the president of the united states and one is that people should pay their fair share. that's an interesting argument, mr. speaker. let's look at that a little bit closer. so if the president's will were to prevail on this, in other words if this tax hike goes into place, then the top tax rate for some small businesses would be over 44%. now contrast that to the top tax rate that president obama is proposing would be 28%. now, all afternoon, you're going to hear a lot of things go back and forth but you won't hear anyone contradict those numbers -- those numbers and that disparity, mr. speaker, because they are true. there is no sense in telling corporations you get a 28% rate

and the t rate for small business is 44%, there's nothing fair about that. let's look at another argument. another argument is that this smu closes a budget gap and this is deficit reduction and we're all about deficit reduction and let's have at it. the little secret on the deficit ruction is at best, the most generous estimate, is this would take care of, what, maybe seven, eight, nine, 10 days of spending, maybe. but who would pay the cost for that? i'll tell you who pays the cost r that. the job eators and the people who are looking for jobs right now, mr. speaker. according to ernst & young and other who was looked at this, some estimates are that it would co 700,000 jobs. i know nobody that is willing to say you know what we have got too many jobs. let's thin the herd. there's too many people working. let's thin the herd, there's

too many people working and let's do it buzz of democratic dogma. we have leading deppon the other side of the rotunda saying let's embrace the fiscal cliff and grab on to the dogma and go right off the cliff regardless of the outcome. you know what? that's ridiculous. and we have an opportunity here to make some certainty, to move to the next year, not to the move to the next year just for the sake ofnother year but to move to next year to fundamentally rorm our tax system. to create a more competitive tax code that is broad and fair and wise and well thought out and that does what? that creates the st competitive tax code in the world right here in the united states. mr. speaker, it could be great. could have a great tax code but what we've got to do is create a year of certainty to move forward. i urge the passage of this and i yield back. the speaker pro tempore: the gentleman yield back his time.

the gentleman from michigan, mr. levin. mr. levin: i yield myself 15 seconds. it's ironic that the gentleman from illinois min midses adding $50 billion to the deficit over 10 years of continued -- if continued, which is your policy, would be $1 trillion. that's something you just shrug your shoulders at? i now yield two minutes to the gentleman from oregon, another distinguished member of our coittee, earl blumenauer. the speaker pro tempore: the gentleman is recognized for two minutes. mr. blumenauer: thank you. it is an interesting question, which lane are we going to choose. the study that's been offered by our friends on the other side of the aisle is bogus and i invite people to actually look at it and look at the critiques that have been offered up. but we've had a real-life experiment. because these tax rates that are being talked about are exactly what we had in the

clinton years. at which time some of our good friends on the other side of the aisle predicted calamity. job loss. the economy would crash. what in fact happened is we had 22 million jobs that were created. what has happened is that when they had a chance to experiment with their vision in the bush years, when they put in place these tax reductions if they would have worked, what would have happened? did employment even match what happened in the clinton years? no. in fact, it was barely 5% of what happened in the eight years of bill clinton. in ft, the obama administration, when it took, after the first few months when it was in office and could be credited with responsibility

for the economy, s produced more private sector jobs than the entire bush admferings in eight years. -- administration in eight years. the job loss that's gone negative has been slashing in the public sector, primarily teachers and firefighters and police officers at the state and local level. mr. speaker, the strategy here is to continue punting. our republican friends are punting on the farm bill. our republicanriends are punting on s.g.r. they're now proposing a budget solution that gets us past the election because they can't face up to their own tea party extremists and they're split. may i ha 30 seconds? mr. levin: i yield the gentleman 15 seconds. mr. blumenauer spak that's --

mr. blumenauer: that's what is at sfake here. i suggest we take what we can agree on, the 98% of this tax reduction, agree on that, not punt, give some real certainty and then have an honest debate about their proposal to increase taxes on the middle class at the expense of -- to be >> today on the c-span networks, the house will dabble in and will have a discussion on whether or not to reprimand rep richmond. they will discuss a tax simplification bill. each -- the senate will debate and african trade bill. on c-span