Political Quotes

“Mr. Speaker, I rise today in support of the underlying rule and in support of H.R. 1675, a bill that aims to lessen many of the regulatory burdens that employers currently experience. Of particular interest to me and of interest to working men and women throughout America is title I of the bill entitled Encouraging Employee Ownership Act of 2015. This title would make it easier for private employers to grant their employees with greater ownership stake in their own companies without having to disclose certain sensitive information. The consideration of the bill is but the latest in a long history of actions taken by the Federal Government to promote an ownership society. President Jefferson recognized ownership of private property as the keystone of a free society. President Lincoln pushed for, and Congress delivered, the Homestead Act of 1862 which has proven to be one of the most important manifestations of Jefferson's vision of a broad-based ownership property society. More recently, President Reagan supported employee stock ownership, labeled it ``the next logical step, a path that benefits a free people.'' In the near future, I will reintroduce legislation that incentivizes employee ownership even further than we currently have it by treating as tax-free any broad-based distribution of employer stock that is held by the employees for a certain period of time. Yes, it would be ESOPs on steroids.…”