On the recordMarch 9, 2011
Mr. Speaker, while it has been over 2 months, we have yet to pass a single piece of legislation that promotes job growth in this country. My friends across the aisle repeatedly speak of their mandate to create jobs; and yet instead of listening, the Republicans have focused on bills that will hurt the middle class, disempower the middle class, and, in this case, force more Americans into losing their home. The Republicans have been talking about repeal and replace. Yet so far all we've seen is repeal, no replace. It's not as if there aren't many viable alternatives when we discuss health care reform. There was discussion, well, what do we do with people that have preexisting conditions? There was an enormous leap of faith with regard to repeal. Oh, we'll get to it someday. Oh, we'll get to it someday. We're hearing the same thing here. It's not as if these viable alternatives, the replace part, are a mystery. In fact, in the 111th Congress I introduced H.R. 4877, which would have provided a capital gains tax waiver for private investment in community banks, giving local banks sorely needed capital to lend to homeowners who needed to be rescued, to shore up their balance sheets, to encourage primary offerings of equity in the private sector. My bill would allow Americans to invest directly and profit directly from the economic recovery.





