Mark Kennedy: “I do not understand it either. And the waste, fraud and abuse cries out for a razor-sharp focus on what can we do to…”

“I do not understand it either. And the waste, fraud and abuse cries out for a razor-sharp focus on what can we do to scale away those costs that are burdening our economy. And we can get back to a sound fiscal picture only by sparking this economy with the kind of tax-relief jobs proposal that we passed and by controlling that spending with a razor-sharp focus, as they say, on waste, fraud and abuse. They know how to spend money better back home in Florida and back home in Minnesota than we do in Washington. They do not put up with that. They will drill to the bottom of those issues and find out what was causing it and uncover the waste, fraud and abuse, and get it out of the system. But what could they do, for example, with the dividend and capital gains reductions that we have passed? When I studied economics, they told me it was investments that drive jobs. It is when you invest in the economy, that is when you drive jobs. Where do those investments come from? Those investments come from savings. And this bill encourages savings by reducing the double taxation on dividends, and they are excessively high compared to many other countries' tax that we have on investment income. We should be taxing income at its source, but when we discourage investment and have the very low investment rate that we have here in America, we are hurting our economy.”