Jeff Flake: “I rise today to thank the Committee on Ways and Means for putting together a great package, a stimulus package, H.R.…”

“I rise today to thank the Committee on Ways and Means for putting together a great package, a stimulus package, H.R. 3090. The best thing about this package is it does provide some stimulus. That is what we need to remember. We ought to stop the class warfare that generally typifies our discussions here and for this day focus on what is going to provide some stimulus. This speeds the rate reduction for those in the 28 percent tax bracket. We ought to speed it up for everyone, including those in the higher brackets. It increases capital gains tax deductions. It also allows some capital gains reduction for those holding these capital gains for longer. I urge the House to hold firm on this package in its negotiations later and to resist the class warfare and resist the redistribution that we are want to do in this House and to provide something that provides long-term stimulus to the economy.”