THE WHITE HOUSE
Office of the Press Secretary
REMARKS BY THE PRESIDENT ON THE LEGISLATIVE AGENDA The Rose Garden
THE PRESIDENT: Thank you. First of all, I want to thank Senator Daschle and Leader Gephardt for the work they have done and the statements they have made. And I also want to thank Senator Reid and Representative Bonior for their role in the leadership of our party in the House and Senate. And Mr. Podesta and Mr. Lew and Secretary Summers and others were in the meeting that we've just completed.
What we're trying to say is that we are committed to breaking the legislative logjam. But we have to move forward with fiscal responsibility, with responsible tax cuts and with public investments that give all our people a chance and fuel our prosperity. For seven-and-a-half years now, we have followed that program and it has worked very well for America. It has paid enormous dividends.
Unfortunately, the strategy pursued by the Republican leaders in Congress, I believe, would squander that remarkable success. Month by month and bill by bill, they are attempting to spend our projected surplus for years to come, an estimated $2 trillion, on massive and reckless tax cuts for the privileged few. This isn't fiscally responsible, it isn't fair, and it doesn't even take into account that costs that would follow on their plans to partially privatize Social Security or any spending promises they have made to the American people in this election season.
I believe we owe it to our children to stay on course, to pay off the national debt over the next 12 years. If we do it, interest rates will stay low, businesses can grow, generations will know that Social Security and Medicare will be there for them. And, I might add, as the Council of Economic Advisors reported to me, it amounts to a tax cut, because paying off the debt, as opposed to spending it all, will keep interest rates, at a minimum -- one percent lower a year, over the next decade -- and that is worth $250 billion to the average American families in this country in lower home mortgages, $30 billion in lower car payments, and $15 billion in lower college loan payments. So that's a $300-billion tax cut real people get, just by doing the right thing. I think it's important that we never forget that.
As Dick said, the American people want us to address the pressing issues that affect their daily lives. Yesterday, we celebrated Labor Day. Today, it's time to honor the labor of the American people who sent us here. We should do it by raising the minimum wage by a dollar. Congress should stop holding up the process, and make it the first order of business.
We should also have sensible tax cuts, in the areas of health care, college tuition, long-term care, the environment, and of course the new markets tax cut, which is a tax cut that all of us support for upper income people, to encourage them to invest in lower-income people in lower income neighborhoods that have been left behind by our prosperity.
Congress should pass a strong patients' bill of rights, and Senator Daschle, I hope we'll hear that comment that you said over and over again, that the Republican National Committee, the Senate Committee has now identified our bill as the real patient's bill of rights, and I want to thank them for that, and ask them to vote accordingly, now that we're back in business.
Americans and people with disabilities should not have to wait another year, for an affordable voluntary medicare prescription drug benefit. The money is there. We ought not to be wasting a lot of time seeing how much we could parse down what is something clearly a life or death matter for so many Americans. Our nation's 44 million uninsured citizens shouldn't have to wait for a significant expansion of health care.
We have a proposal on the table that would allow the states to enroll the parents of children who are eligible for our children's health insurance program. We have a proposal on the table that would allow people between the ages of 55 and 65 to enroll in Medicare if they lose their previous health insurance and give them a tax credit to make it affordable. Now, these proposals could take care of 25 percent -- and I might say the most needy -- 25 percent of those 44 million Americans without health insurance. We have the money to do it.
We need to keep working to put 50,000 more police on the street. The 100,000 police program has worked very well. We have the lowest violent crime rate in 27 years now and we need to keep doing what has worked. We should also pass common sense gun safety legislation and I hope the hate crimes bill. I applaud the Senate for passing the hate crimes legislation, including the Republicans who joined our unanimous Democratic caucus in voting for it -- or virtually unanimous -- and I hope that the House will follow suit.
We need to strip out the anti-environmental riders and press for cleaner air and cleaner water. We need to pass the measures that will enable the American people to combat global warming and we need to approve permanent conservation funding to protect our natural heritage. We also need to strengthen our laws for providing for equal pay for equal work, pass debt relief for the emerging democracies, normalize trade relations with China.
Most important, we should not forget that the Congress comes back at the beginning of the school year and there are pressing educational needs for America. The children of this country need more teachers and smaller classes in modern classrooms. We need to continue to support 100,000 good new teachers to reduce class size and we need Congress to determine finally we're going to do our part to help the school districts of this country replace broken down buildings and trailers with modern classrooms.
Again, I will say -- we believe in sensible tax cuts for middle class families that make education and long-term care more affordable, not cuts that threaten our prosperity.
Last week, I vetoed the Republican estate tax repeal, not because I don't favor reform of the estate tax laws, but because absolute repeal is not fiscally responsible and it's not fair. It was a budget buster that ignored 98 percent of America's families.
Now, later this week, the Republicans say they are going to vote to try to override my veto of the estate tax repeal. Needless to say, the small number of people that are affected have an enormous amount of influence, especially if they can convince a lot of other people that they are affected by the law. But I think it's very important for the American people to remember something else about the estate tax repeal. It is not a bill standing on its own.
Many of these bills they've passed -- it's very much -- what they've done this year is better politically for them than what they did last year. Last year, they sent me a bill down here that was obviously very big and unwieldy and uneffective.
This year, as Mr. Gephardt said, they're sending them down here in discrete bills. And every one of them appeals to some constituency or another. But when you add them all up, it's still part of a $2-trillion plan that would wipe out the entire projected budget surplus. And I will say again, that is before we agreed to take Medicare spending off budget, the Medicare taxes, before they had to pay for a privatization plan for Social Security and before they had to pay for any of their spending plans, they take away all the money that the country would have in a balanced budget to invest in education and health care and the environment for a decade. It is wrong.
Now, they've got a right to try to override any veto that I make; that's the way that the Constitution works. But I wish they would try just as hard to muster up the two-thirds to raise the minimum wage for people that are working 40 hours a week. (Applause.) The students that are still sitting in crowded classrooms and trailers, the patients fighting for the health care they need, the seniors struggling to pay for prescription drugs.
You know, if my health holds up, I'll probably be one of those people that will be fortunate enough to have some estate tax to pay one day, or my heirs will. But I'd kind of like to see us spend a little time, we seem to spend all of our time fighting in Congress, over what they want to do to help people who, like me, that America has been very good to. I think we ought to spend a little more time working on the minimum wage, the schoolchildren, the people that need the patient's bill of rights, the seniors who need the prescription drugs.
This is a great and good country. We should be fair to everybody. I'm for changes in the estate tax. All of us are, they all voted for it, but the Republicans wanted an issue. They want it to be an all or nothing thing. I just don't think that the most fortunate people in this country should be the only ones that are considered here.
I think the folks that don't have anybody up here lobbying for them, and the folks that don't have the ability to contribute to any of our campaigns, but to keep this country going day in and day out, their kids deserve a good education too, their parents deserve medicine too, and they deserve to have the protections that the patient's bill of rights gives, that the rest of us can buy. That's what I believe, and we've got five weeks to give it to them, and we ought to just saddle up and do it. Thank you very much.
END 12:20 P.M. EDT