Dave Camp: “And I would just say I listened very carefully to the majority leader's well-reasoned arguments. And if, in fact, this…”

“And I would just say I listened very carefully to the majority leader's well-reasoned arguments. And if, in fact, this bill were going somewhere, they would have made a great deal of sense. But we know now that the Senate will not take up this bill. Forty-two Senators have signed a letter that they will not take up any legislation unless it is dealing with the potential tax increases on all Americans. I also have a letter that was sent to the House of Representatives dated today from the National Association of Manufacturers. And there has probably been no State hit harder than Michigan, no sector hit harder in Michigan than manufacturing. And I want to quote from this letter that says, ``Manufacturers strongly support extending the 2001 and 2003 tax relief for all taxpayers. Over 70 percent of American manufacturers file as S corporations or some other pass-through entity and will be significantly impacted by these higher rates. According to the nonpartisan Congressional Budget Office, fully extending the 2001 and 2003 tax cuts would add between 600,000 and 1.4 million jobs between now and 2011 and between 900,000 and 2.7 million jobs in 2012.''”