Bill Pascrell: “Good morning. I come to the floor today in support of H.R. 674, which will repeal a burden on government contractors…”

“Good morning. I come to the floor today in support of H.R. 674, which will repeal a burden on government contractors, particularly small businesses. I opposed the enactment of the 3 percent withholding when a Republican Congress and a Republican administration enacted it because I knew that it would hurt the economic engines of our economy. The repeal of this requirement will free up small businesses' cash flow, increasing their ability to add jobs and bid on new projects. This is only a very small part of a jobs plan that could help to reduce unemployment and wage stagnation. The majority has not allowed a vote on known job-creating measures such as the infrastructure bank or funding for our first responders and teachers, so I would imagine that that's not very important, those items. Rather, the majority has decided to promote their ``False Fifteen'' bills that attack clean air, safe water, and consumer safety. Be prepared, America, to eat poison. Not only do independent economists state that these bills do not create jobs, a recent report found that the so-called ``economically stifling'' regulatory atmosphere is not as bad as they say. The report says this: ``Obama's White House has approved fewer regulations than George W. Bush at this same point in their tenures, and the costs of those rules haven't reached the annual peak set in fiscal 1992 under President Bush's father,'' President Bush I.…”