Mr. Speaker, the facts are clear: with unemployment stuck at nearly 10 percent and millions of jobs lost, the Democrats' trillion-dollar stimulus bill has failed. So what is the majority's response? Raise taxes on American jobs and give more money to State and local government. That won't create the private sector jobs Americans need. You don't have to take my word for it. Here is what some of the Nation's leading and largest employers say about this bill and the tax increases in it. The National Association of Manufacturers says: ``Manufacturers believe strongly that imposing $11.5 billion in tax increases on these companies as proposed by H.R. 5893 will jeopardize the jobs of American manufacturing employees and stifle our fragile economy.'' The PACE Coalition, which represents employers who provide over 60 million American jobs, says: ``The $12 billion in proposed international tax increases in H.R. 5893 would further disadvantage U.S. companies, harming their competitiveness. ``At a time when other countries are taking steps to attract business, this legislation sends exactly the opposite message, with the effect of discouraging business investment and job creation in the United States.''
Dave Camp: “Mr. Speaker, the facts are clear: with unemployment stuck at nearly 10 percent and millions of jobs lost, the Democrats'…”
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The speaker addresses the impact of tax increases on jobs and the economy.
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