E. Clay Shaw, Jr.

The bill helps preserve family-owned businesses by counting all family members as one shareholder for purposes of S corporation eligibility.

This bill would remove this obsolete prohibition and also provide that S corporations can attract needed financing through convertible debt.

Even after the relief provided in 1996, S corporations face substantial obstacles and limitations not imposed on other forms of entities.

The S Corporation Revision Act of 1999 is targeted to these small businesses by improving their access to capital, preserving family-owned business, and lifting obsolete and burdensome restrictions that unnecessarily impede their growth.

Well, I think there has to be a safety net, and there must be--and I think that is what we are supporting on our side. One of the problems, and the problem that we really have not--not approached here as a Congress is the question of male…

Well, let us mark that down because we are going to work together to see that there is male responsibility. It is time that the men of this country learned that they have a responsibility for raising these kids, and we, as a Federal…

Ms. Norton, am I correct in saying that what you are talking about is the biggest tax increase in the history of this country?

Because it was not paid for. It was a budget buster, and this is something that I feel is very irresponsible. We are not helping--we are not helping even the kids on welfare----

Let me share this with the gentlewoman then: We sent our welfare bill, which has the training that you want, has the job search that you want, supplies a job at the end of the time, which you want even though we may disagree on how much…

I think the question is: ``Do you see any way that we can create a health care bill maybe by looking at who receives--excuse me, welfare bill--by seeing who receives the benefits, and then all join together and decide that we need to take…

Ms. Norton, one-seventh of this economy he turned over to Mrs. Clinton to write a health care bill. She did that in less than a year. You have admitted, or you have stated very forcefully, that there is a welfare crisis in this country. I…

Well, he says that there is a health crisis in this country, and we cannot even get a health care bill out of the Committee on Ways and Means.

And what have you, the Democrats, done to take the lead in the House on welfare reform? I very much want to know that because I am on the committee that has jurisdiction.

If you would send us your bill, I would be happy to see it because I have not seen the Democratic bill, and----

If it is not, you supply them. But you take the basic proposition that you will support the enforcement that in 2 years you have got to work at something, if you cannot find a job we will find one for you, and if we can find one for you…

Ms. Norton, I would like to explore what I see is a possible division in the ranks on your side to see if I can put a spotlight on it to try to set up the stage as to where we are going to be when this debate finally comes to the floor of…

But I compliment you for your candor because what we are trying to do is to craft a welfare bill that will empower the poor and get them out of the cycle of poverty. Would you support a bill that requires work after 2 years, 2 years and…

Have you had an opportunity to read the Shaw-Weber bill that was filed about 4 years ago? I would, if you have not, enlighten you to tell you that there is nothing that the President has said right here in these Chambers, in the State of…

You are so right. And do you know how we get that money, because it does cost money? We say that this is only available to citizens of the United States, and people who are here as political refugees or people over 70 years old. And we…

If she cannot find a job, we will get one for her. We need more child care, we need cleaning up at the housing projects, we need these things. All we require is that after that 2 years she is going to work for these benefits.

Ms. Norton, I know you hear me, but you are not listening. Training is in the Republican bill.

Oh, Ms. Norton, I am sure you will be quite surprised to know I agree with you. She should be trained. And this is exactly what the Republican bill has said. The Republican bill says that this woman who is on welfare deserves a second…

When you add to it the other benefits, it is certainly above minimum wage. Minimum wage in this country is only about $8,800 a year. Now we are competing and having the people on welfare getting a total package without housing of $12,000 a…

Even without housing, it amounts to $12,000 a year in the State of Florida, and I think it is even higher in your State of California.