Political Quotes

“after we finished this week, a lot of people are going to be saying, ``This is the week that was.'' This is the week that we are talking about reducing taxes. You know, a year and a half ago this body increased taxes over the 5 years of the budget by $25 billion. Economists have come to our budget committee and said tax increases are a depressant on economic growth and job growth. So some of us thought that it would be good in the Contract With America to take away some of those giant tax increases from a year and a half ago. So the question was: How do we reduce some of those taxes in a way that is going to encourage economic growth, job growth in this country? Well, I was looking at one bill that was concerned about what the United States was doing to encourage savings and investment as opposed to other countries of the world. Mr. Speaker, that is what this chart shows. I am not sure that everybody can see the chart, but let me just briefly go through the chart that shows that, compared to the other G-7 countries, the industrialized nations of this world, the United States ranks dead last in savings, we rank last in our investment in new machinery and equipment per worker, and, not surprisingly, we rank last in the increase of productivity.”