Kendrick Meek: “Let me just say this very quickly before I yield to Ms. Wasserman Schultz here. A Washington Post editorial on Tuesday…”

“Let me just say this very quickly before I yield to Ms. Wasserman Schultz here. A Washington Post editorial on Tuesday, July 25, which is today, A14, this is an editorial, Mr. Speaker, and I am just going to read the first paragraph, maybe some of the second. Do large corporations need another tax break? The House of Representatives seems to think so. It plans this week to take up a measure defining when States can tax companies doing business in their State and make it easier for companies to avoid paying State taxes. The Congressional Budget Office estimates that the Business Activity Tax Simplification Act would drain $1 billion from State government treasuries during the first year in effect and $3 billion a year by 2011 as corporations continue to take advantage of this situation. Now, it just goes on. The National Governors Association is just totally outraged by this, and they are saying a Federal corporate tax cut using State dollars, that is what they are calling this, this is the editorial today in the Washington Post. I think it is important that we point out who the Republican majority is fighting on behalf of. We have State governments now that are in deficits have to figure out how they can make up. Mr. Ryan used to be a State senator. Ms. Wasserman Schultz used to be a State Senator and State representative in the Florida legislature. I used to be a State senator and State representative in the Florida legislature.…”