Chuck Grassley: “I hope that will not poison the waters as we still try to reach agreement on this amendment and try to reach agreement…”

“I hope that will not poison the waters as we still try to reach agreement on this amendment and try to reach agreement on getting to finality on this bill. I, along with Senator Baucus, have urged that we not have a cloture motion. I hope Members will look down the road at the goal of this legislation. That goal is to create jobs that are going to be very difficult to create if we are stuck with sanctions put on our manufacturing by the European Union. We already have 5-percent sanctions. It is going to go up 1 percent a month until it gets to 17 percent. Between now and the election, that is going to add up to at least 12-percent sanctions. I hope both sides of the aisle will agree that it is already very difficult for U.S. manufacturing to compete in the global economy. A 17-percent penalty after 1 year is just like a 17-percent sales tax.”