Bob Menendez: “the Republican Economic Security Act being voted on today is not economic stimulus; it is a corporate orgy. It is not…”

“the Republican Economic Security Act being voted on today is not economic stimulus; it is a corporate orgy. It is not temporary, as most economists would recommend, but a permanent corporate party at the expense of the average taxpayer. The Republican plan does not help small and mid-sized businesses that cannot weather the storm on their own, but it does help special interests. The Republican economic plan not only provides a tax break for corporations, but a corporate tax bonus going back to 1986. Displaced, laid-off workers get no guaranteed assistance; and if they get anything, they get chicken feed. The Republican plan is nothing but a shameless raiding of billions of dollars from the public treasury for private profit, with $20 billion in tax benefits alone for overseas corporations of financial services companies. At a time of national urgency, when we should be here providing for the security of the American people, we should not in fact be fleecing them, and that is what this Republican plan does.”