Barbara Boxer: “Consumer confidence is almost everything in our economy, which is a consumer-based economy. If your next-door neighbor…”

“Consumer confidence is almost everything in our economy, which is a consumer-based economy. If your next-door neighbor is suffering because of a loss of jobs or downward pressure on job income, it has a contagious impact. A lot of this lack of consumer confidence is what we are seeing today. We paid for this amendment. We eliminate the tax loophole for companies that send their jobs overseas. That brings in $2 billion to pay for this reserve fund for jobs. We also say to millionaires, we know you are going to get back $127,000-- and people who earn more than that will get exponentially more--so instead of getting back $127,000, you get $85,000. That difference is more than a minimum-wage worker's salary for an entire year. As my friend looks as his people in New Jersey and knows the median income level there, do you think this is a fair thing we do here, ask everybody to sacrifice? Can't you make that sacrifice so we can put people to work and turn around these numbers?”