On the recordApril 19, 2012
I thank the gentleman for yielding. When you hear of small business, what comes up in your mind first? The corner drug store? The tech troubleshooting startup? My daughter's martial arts instructor? How about Donald Trump? How about Trump Sales and Leasing, or Paris Hilton Entertainment? What about Larry Flynt Publications? Not that any of these latter companies have volunteered to show me their tax returns, but by all accounts, these are the businesses that will devour the lion's share of the tax breaks in this legislation. Mr. Speaker, 3 percent of the businesses in America will get 56 percent of the tax breaks provided. The rich and famous will get most of the money. 125,000 millionaires in America will get $58,000 in tax breaks this year alone, which is the first year of this tax break. That's how targeted this particular bill is. More than that, what we find is that most Americans don't believe that our tax system is fair. They believe that it is skewed towards the very wealthy. H.R. 9 proves that they are right. Seventy percent of Americans believe that the tax system is skewed against them and favors the very wealthy.…





