Political Quotes

“You talked about the investment. A week ago, President Obama spoke to this issue of making it in America and of rebuilding the American industries. He spoke about the need to give significant tax breaks to businesses that want to invest capital to expand their businesses, to expand their manufacturing bases. Here is a very, very powerful notion. I was meeting with three of my friends who are in the business community. They are manufacturers--one in the food industry, another in the high-tech industry. I was talking to them about this notion of would you increase your business, would you increase your capital investment on your production lines if you could write off in 1 year the cost of that capital. They said, Absolutely. You put that into law, and I'm investing tomorrow. I'm going to put people to work building my manufacturing base. So the President has now spoken to this. It's one of the proposals that he has put forward. Today, I introduced a piece of legislation that would do exactly that. Any business that wants to increase its capital investment in that business--broadband, production lines, machine tools, whatever it is--they could write it off in year one.…”