I am very disappointed we were not successful on the cloture motion. In relation to the impact on jobs, particularly in rural areas, such as in some of the areas of my State of Kansas, the chairman has done a masterful job of crafting a jobs bill that is a true jobs bill. It is going to create jobs. Let me give you a couple examples that will have a direct impact in a State such as mine in the manufacturing sector. One of them is in the aircraft industry. He extends the service rules on bonus depreciation for 1 year. That is to say, if the product is put in service a year later, we are going to still be able to use the bonus depreciation. My aircraft industry people--which fan out from Wichita to several surrounding States--say by putting in a bonus depreciation last year, they tripled the level of sales they had prior to that. And by extending the bonus depreciation time period of putting the airplane actually into service, we are going to extend that life expectancy for us to get increasing aircraft sales.
Sam Brownback: “I am very disappointed we were not successful on the cloture motion. In relation to the impact on jobs, particularly in…”
Editor's note · Context
Discussing the impact of the JOBS bill on job creation in rural areas and the aircraft industry.
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