Candice S. Miller: “I come from the Great Lakes State of Michigan, the home to the big three auto industry companies who are, of course, all…”

“I come from the Great Lakes State of Michigan, the home to the big three auto industry companies who are, of course, all absolutely outstanding corporate citizens. Following the terrorist attacks on our Nation on September 11, the big three helped keep our economy moving by offering incentives, like zero interest financing. Without, I think, this very innovative idea, I believe we could have seen an even steeper downturn in our economy. The economy needs stimulus and the President has offered a very strong jobs and economic growth package which I wholeheartedly support. During the President's recent visit to our State of Michigan, the leaders of the big three auto companies all endorsed the President's jobs package as the best idea to keep our economy rolling. They observed that by eliminating the double taxation of dividends that we would bring about a 6 to 15 percent increase in stock prices. Of course this would help employers to meet their responsibilities to retirees living on a pension and bolster the bottom line of every American with a 401(k). The President's plan is the best way that we can help families and retirees by putting more money back in their pockets and allowing businesses to create more jobs. I support the President's plan, and I urge my colleagues to do so.”