Cliff Stearns: “as the appropriation process continues here in Congress, I want to bring attention to Planned Parenthood's 1998/ 1999…”

“as the appropriation process continues here in Congress, I want to bring attention to Planned Parenthood's 1998/ 1999 annual report. The report shows the inordinate amount of profits made from their operation. In 13 years, their profits have totaled $356 million and not once, not once in that time, did they report a loss. In fact, their annual report stated they currently have net assets totaling $536 million. This is an increase of $131 million in just one year. Even dot-com companies would be envious of such profits. These numbers might be wonderful if Planned Parenthood was just a normal business, but the organization claims to be a charity. They are subsidized by the United States Government through grants; and they also want special deals, including reduced rates of advertising in the media. It is time, Mr. Speaker, that the American public saw Planned Parenthood for what it is, a business intent on making profits at taxpayers' expense.”