On the recordDecember 3, 2010
Mr. President, I am here, like so many of my colleagues today, to talk about the situation in which we find ourselves, where millions of American families and small businesses, on January 1, are going to see a tax increase because the Bush tax cuts are set to expire. Before I talk on that issue, I heard my colleague from South Dakota speaking. I think it is important to point out the differences of opinion in some of his remarks because he talked about how great things were in the previous decade, in the early years of this decade. But he neglected to point out why we are in the situation with this recession: because of the financial meltdown, the recession that began in 2007 and 2008 as the result of so many of the policies of the previous Bush administration. Unfortunately, if those tax cuts that everybody is talking about were going to create so many jobs, we have had them for 10 years, and I want to know where the jobs are. I have a lot of people in New Hampshire who are unemployed, and they are not benefiting from those tax cuts because they haven't created the kinds of jobs my colleague from South Dakota is talking about. I appreciate the frustration that is there because this recession has gone on way too long and been way too deep, and too many people have suffered. But the efforts of this Congress, through the American Recovery Act to try to stimulate our economy and keep people working has been successful.…





