E. Clay Shaw, Jr.

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

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

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

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.

I would also like to correct a statement made by the distinguished chairman of the Committee on Appropriations, that interdiction is not working. For every dollar that we spend on the interdiction effort, we are taking $20 of street value…

Mr. Chairman, this is a very good debate, and I think it is on the level that we should be debating such issues as this. The gentlewoman from Florida, my friend, she correctly pointed out that both of these bills exclude military…

Mr. Chairman, there is no congressional district in this country that is more impacted by what is going on in Haiti than my home district along the southeast coast of the State of Florida. We know the pitiful situation that does exist in…

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.

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.

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…

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

What you are asking, you are adding up, just taking aid to families with dependent children.

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…

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…

If you subsidize something, you will get more of it. The United States Government subsidizes illegitimacy. Amazingly enough, our Government has struck a deal with young women having illegitimate babies: We will give you cash, food, medical…

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…

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…

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…

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…

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…

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----

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…

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…

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…