Political Quotes

“Mr. Speaker, I oppose the substitute amendment. Why? This corporate tax increase that is proposed would be a job killer. That is why. Right now at 35 percent for a corporate tax rate, we have the second highest corporate tax rate in the world. We have a 5.7 percent unemployment rate. And though we have seen progress over the last several months due to tax reduction, the time is not appropriate right now to raise corporate taxes. The second reason is the WTO. The WTO tariffs have increased just recently to 7 percent. We need to be addressing this with the FSC/ETI reform package, and the way that we are going to address this is reducing corporate taxes, not raising corporate taxes. So the message of the substitute motion to raise corporate taxes is a job kill and it will not enable us to deal with the looming crisis of the WTO issue. So let us pass the underlying bill, H.R. 4227, which gives a 1-year fix, an inflation adjustment to the alternative minimum tax.”