On the recordFebruary 17, 2012
I yield myself such time as I may consume. The basic fact is that this legislation is very different from the December House Republican bill, very different, and any efforts to mask that are faults. That House bill was the main bill before the conference committee. The basic fact is the conference committee made major changes to the House bill that passed in December essentially on a partisan basis. Therefore, this legislation is much better for the American people. The Speaker said this about this bill: Let's be honest. This is an economic relief package, not a bill that's going to grow the economy and create jobs. That's not an honest statement. It's wrong. This is a bill that relates to the economic growth of the United States of America. We're recovering, and this bill will provide a boost to continue that recovery. {time} 1000 It continues the 2 percent payroll tax through the calendar year; and it is not offset, as was true of the House Republican bill in December. It had massive harmful cuts that would have been countercyclical and that would have undermined further economic growth. In that respect, this is very different. It's also very different in terms of unemployment insurance. Let's be clear about that. The bill that the Republicans passed through the House that was the main bill before the conference committee would have slashed 40 weeks of unemployment insurance for millions of Americans in every State regardless of the unemployment rate in that State.…





