Political Quotes

On the recordJune 2, 2003
I just want to speak and say a few positive things about the tax bill that was so heavily attacked a moment ago. I had the opportunity in North Carolina over the past weekend to speak to a group concerning the positive aspects of this thing, the job-creation part of it. As many of my colleagues in this body recognize, I own a small manufacturing company in Hickory, North Carolina; and the tax benefits in this program, with the increased appreciation, makes decisions much more likely to be made, at least as far as my own little company is concerned. With that 50 percent tax break and depreciation allowance the first year, we have made a decision that we made today, before I left home, that we will purchase a machine that costs $150,000. That machine, the moment it is delivered to our company, will create six jobs. I do not know what else anybody else knows about this tax bill, I know there is a whole bunch of discussion about taxes for the rich and taxes for the poor, but this idea of creating new jobs by our tax bill is first class, and I want to say I greatly appreciate it.
Said by
Cass Ballenger
North Carolina

Editor's note · Context

Discussing the positive aspects of a tax bill and its job creation potential.

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