Mike Levin: “Bipartisanship is not rubber-stamping the position of the other party. There have been close to zero efforts, certainly…”

“Bipartisanship is not rubber-stamping the position of the other party. There have been close to zero efforts, certainly within the committee, to reach any bipartisan position on this bill. I think the guidelines should be a short-term stimulus and long-term discipline, and in that respect this bill is woefully unbalanced. The $20 billion for financial services, we need to continue to reform the international tax system, but tell me what jobs that is going to create. In terms of the corporate AMT credits, I want to say one word. The administration says repeal them. They do not say give in one check all of the credits. If that is the position of the administration, they ought to say so; but tie it to how it is going to create jobs in our States. The acceleration of the tax cut, a family with $150,000 and four kids will get 15 times what the family of $70,000 in income will receive. Now, how is that going to help stimulate the economy? It is woefully imbalanced in terms of unemployment comp and health care.”