On the recordJune 9, 2010
Not only does excessive taxation kill the ability to do all the research and development that you were just talking about, but small business can't even buy inventory. So they can't sell their goods to consumers. The consumers don't have the money to come and buy the goods and services. So it kills the economy. It's just very, very simple economics. The thing is we are going in the wrong direction. You talked about the energy tax that's been proposed, that Nancy Pelosi jammed through the House of Representatives here. It's what's called a regressive tax because it's going to hurt people on limited incomes and poor people the most. It's going to make their gasoline prices go up. In fact, I have heard many Democrats, many Democrats here on the floor of the House of Representatives say they would like to see gasoline at $10 a gallon. Now, somebody who is out working hard today trying to make a living, who is just making the house payment and paying their bills and just scraping to get by and trying to get by, if their gasoline price goes to $10 a gallon, they are going to be just really out of economic luck, so to speak.
