James Traficant: “America's tax system stifles growth, kills commerce, slows investment, and destroys jobs. Our tax code must be changed…”

“America's tax system stifles growth, kills commerce, slows investment, and destroys jobs. Our tax code must be changed, it must be energized, it must be incentivized. That is why I rise to support this bill. The Republican plan does cut taxes on families, American families. The plan does cut taxes on business, American companies. It does cut taxes on senior citizens, your parents and grandparents as well as all other Americans. These are tax cuts for your constituents and my constituents and they make sense, and I think it is time to stop the class warfare around here. If people with money do not invest their money in America, poor people will only have welfare and never get a job in this great country. It is time to utilize the Tax Code to leverage the private sector, where jobs are created, where American workers get a paycheck, not a handout, and they pay taxes and keep this train coming down the track. Now, I would like to see the ceiling for that child tax credit dropped down to $90,000 and hopefully that will happen, and I would like to see us repeal section 903, change section 956 of the code. We give too many foreign tax loopholes in there. I would like to see tax credits for investment in America, tax credits for the purchase of American-made goods. Every study says it is a tax break, and in fact it raises revenue.”