James Oberstar: “On $1 billion of investment, you will pay $180 million in taxes to the Federal and State governments.”

The City of Marquette kept its part of the agreement, conveyed property to the Coast Guard for $1, and now is going to be stuck with the bill. The problem is that the way the transfer worked out, the statutory PAYGO rules preclude…

I have worked with the gentleman and our committee staff to craft this language. It's important to note that these are not taxpayer dollars paying for restoration, but rather proceeds from a penalty provided in this provision that is very…

I would just conclude that it's inappropriate for us to impose this penalty on the FAA through the appropriation process. A much more appropriate way would be to deal with it through our committee. I commit to the gentleman that we will…

I would like to make the observation, Madam Speaker, that the gentleman took the lead in our Public Buildings Subcommittee many years ago, during his first term in Congress, on courthouses. The gentleman has saved the taxpayers of this…