Political Quotes

On the recordSeptember 5, 2002
in my Seventh Congressional District of Michigan unemployment is going up. Some of the companies are closing. Several are moving to Mexico and other countries. In the past, the United States has been so advanced in our productivity and our efficiency that we could put heavy taxes on business and industry, and we could impose restrictive regulations, and still be competitive in the world market. That is no longer true, Mr. Speaker. The international community is now vying for our markets, our ways of producing, trying to be more productive and take away our business. That means that we have got to take another look at how we put our companies at a competitive disadvantage, the way we tax our business and industry more than what other countries are taxing theirs. We now have a situation where Democrats are suggesting that if we have any tax changes to have a faster economic recovery, they are going to use it politically, suggesting taxation to give benefits for just the rich. We need to look at the kind of taxes that will protect workers savings and are going to help this economy recover quicker.
Said by
Nick Smith
Republican · Michigan

Editor's note · Context

Addressing rising unemployment and business closures in Michigan's Seventh Congressional District.

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