David Weldon: “We are in a competition worldwide with the Europeans, with the people on the Pacific rim. For competitiveness sake we…”

“We are in a competition worldwide with the Europeans, with the people on the Pacific rim. For competitiveness sake we need this capital gains tax cut. If you go to those countries, their capital gains rates are much lower than ours are. The result of that is capital tends to move out of the United States into those other countries, so if we lower our capital gains rate it will not only create jobs, it will not only stimulate the economy, it will not only help the middle class, working class people, unemployed people looking for jobs, it will also bring foreign investment into the United States which further stimulates our economy, strengthens our dollar which is currently taking a beating in foreign markets. This bill is good for America, it is good for working-class Americans, middle-class Americans, unemployed Americans. I support this bill. I encourage our colleagues on the other side of the aisle to put partisan politics aside and join us in a bill that is good for the whole Nation.”