Political Quotes

On the recordMay 21, 2015
I just want to be really, really clear with the American people because I think sometimes we talk about the commercial space industry as though it exists on its own. In fact, it exists because the Federal Government and Federal taxpayers have been incredibly generous for this innovative, creative, and growing industry. It is because, as taxpayers, Mr. Chairman, we support the industry. $3 billion alone in inflation-adjusted dollars goes as a backstop for indemnification, which is in case there is an accident or whatever--a $3 billion backstop by the Federal taxpayer. Billions of dollars have gone into the development as the industry has grown. Indeed, some projections say that 9 of every 10 dollars that have gone into the development have actually come from the American taxpayer. Hundreds of millions of dollars support the infrastructure, the launch facilities that are maintained for the industry and--who knows?--countless dollars from State tax credits on down the line. It would be really inaccurate to say that any of us--Republicans or Democrats or any American taxpayer--does not support the commercial space industry. We want it to be safe. We want to make sure that liability is taken care of. We want to make sure that, in fact, the skin in the game of the taxpayers is met with responsible public policy. To correct the record, it is $243 million that the Republican majority has actually cut from Commercial Crew.…
Said by
John Bel Edwards
Democratic · Louisiana
Source
govinfo.gov
May 21, 2015

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