On the recordJune 9, 2010
Mr. Akin, I am a pilot, and I want to say that you are exactly right about getting out of a death spiral. So we do push the yoke forward to stop the spin, to stop the stall, to get the airplane flying again. And that's exactly what needs to happen to our economy, by pushing the stick forward, by reducing taxes, particularly on small businesses. I introduced my JOBS Act. My JOBS Act is an acronym for 'jump start our business sector.' It would cut the taxes for business for 2 years. It would suspend capital gains taxes and dividend taxes. It would cut the two lowest income tax brackets down to 10 percent and 5 percent. So if you think about it, that would leave dollars in the hands of business, leave dollars in the hands of consumers so that they would have the money to stimulate the economy. So it's something that would stimulate the economy and start creating jobs. And that is something that needs to happen. And it is by cutting taxes instead of raising taxes.
