Dan Burton: “I am very sorry. I only have a half hour, but I would be happy to have a colloquy with the gentleman at a different…”

“I am very sorry. I only have a half hour, but I would be happy to have a colloquy with the gentleman at a different time. But when people sell a farm, when people sell stocks, when people sell a business, that money just does not disappear. That money is reinvested in our society, and we are talking about two to three thousand, thousand, million dollars that would be reinvested in new plants, and equipment, and job expansion in this country. That is one of the things that they discounted. Now their party had control of this place for the last 40 years, and during those 40 years we saw the great War on Poverty that Lyndon Johnson talked about that was supposed to eradicate poverty in one decade end up being an abject failure, and the people of this country have said, ``Enough welfarism, enough socialism. We want to get back to the free enterprise concepts that made this country great,'' and that is why the Republican Party won the majority in both the House and Senate in the last election. Now they talked about corporate taxes. ``Let's soak the corporations.'' Corporations do not pay taxes. Those taxes are added to the price of the product. If you raise corporation taxes on the automobile industry, for instance, then they add that to the price of a car. It is the cost of doing business, and when you go to buy a car, you pay more money for that care because the corporation has a fixed profit margin in their books.”