I now yield 3 minutes to another very active member of our committee, the gentleman from California, Xavier Becerra.

Mr. Speaker, I yield myself such time as I may consume. This bill needs to be graded, and the grade it gets is F, a fat F grade. It fails all tests of sound tax policy. Let me start with truth in advertising, a grade F. This is not a small…

I yield myself 30 seconds. We have a Statement of Administration Policy in total opposition to this. The Small Business Administration would not provide a loan for innumerable people who benefit from this. They have a $7 million limit…

I yield myself 5 seconds. Is it worth $1.1 million a job in Washington? I now yield 2 minutes to the very distinguished gentleman from Oregon, an active member of our committee, Mr. Blumenauer.

Mr. Speaker, I yield myself 1 minute. What the leader said is not correct. The substitute provides some help to those who invest in property, plant, and equipment. That's not Paris Hilton.

Let me finish. You didn't yield at all to us, so let me finish. It has to be a factory that's built here. I yield to the gentleman from California.

Mr. Speaker, I yield 2 minutes to another distinguished member of our committee, the gentleman from Massachusetts (Mr. Neal).

May I ask the distinguished gentleman from the State of Ohio how much time remains on both sides? The SPEAKER pro tempore. The gentleman from the State of Michigan has 15\1/2\ minutes, and the gentleman from Virginia, the majority leader…

I yield 2 minutes to another very active member of our committee, the gentleman from New Jersey (Mr. Pascrell).

I yield 2 minutes to the gentleman from Texas (Mr. Doggett), another active member of our committee.

I yield the balance of my time to a distinguished member of the committee, the gentleman from California (Mr. Thompson).

I yield 3 minutes to the ranking member of the Budget Committee, the gentleman from Maryland (Mr. Van Hollen).

I yield 3 minutes to our distinguished whip, the gentleman from Maryland (Mr. Hoyer).

Mr. Speaker, how much time is remaining, please? The SPEAKER pro tempore. The gentleman from Michigan (Mr. Camp) has 7\1/2\ minutes remaining. The gentleman from Michigan (Mr. Levin) has 2\1/4\ minutes remaining.

I now yield 30 seconds to the distinguished gentleman from New York (Mr. Israel).

Mr. Speaker, I offer an amendment in the nature of a substitute. The SPEAKER pro tempore. The Clerk will designate the amendment. The text of the amendment is as follows: Strike all after the enacting clause and insert the following…

I yield myself such time as I may consume. The Democratic amendment in the nature of a substitute offers a 1- year extension of 100 percent bonus depreciation for certain U.S. businesses. Most importantly, the amendment offers a stark…

I yield 2 minutes to another distinguished member of our committee, the gentleman from Wisconsin (Mr. Kind).