Jack Kingston: “Back home in Georgia we need jobs. We need it for college graduates. We need it for high school graduates. We need it…”

“Back home in Georgia we need jobs. We need it for college graduates. We need it for high school graduates. We need it for people who are 35 years old. We need it for people who are 45 years old. People like Ted Smith. I am going to make up a name, but he was one of the 903 workers who were laid off when the Durango paper mill in St. Mary's, Georgia, closed down. He is looking for work. And that is why it is so important for this body and the other body to pass President Bush's jobs bill. The jobs bill stimulates the economy by allowing more expensing for small businesses. Small businesses can expand. They can write off more of their expenses, and they will invest. It is very important. It also helps consumers by allowing them to have a lower tax rate. It accelerates tax reduction that has already been passed by this Congress. It puts it into law, though, in the year 2003 instead of phasing it in over time. This bill also allows reductions in the capital gains tax. If one sells something and they can keep more of their money, then obviously they are going to be more inclined to sell something. That is a novel concept in Washington, but back home people understand if I sell something, I have got more money in my pocket; it is a good deal. And the best part is less money will go to Washington bureaucracies which are just going to grow the government and reduce our personal freedom. This jobs package has already passed the House.”