James Traficant: “Experts say the economy is great and getting better, but something…”

On the recordMarch 2, 1994

Experts say the economy is great and getting better, but something does not add up. Hamilton Standard of Connecticut is cutting 500 jobs. Dawson Products of North Carolina is cutting 2,000 jobs. AT&T has announced they will cut 15,000 jobs over the next 2 years. Now to complicate this, my colleagues, personal income of Americans dropped three-tenths of 1 percent last quarter, and personal spending increased one-half of 1 percent last quarter. Congress does not need to tamper with the Constitution. Congress has got to change the tax laws that are killing small business, killing investment and killing jobs. My colleagues, it is the Tax Code, not the Constitution. Congress should keep their hands out of the Constitution and change the Tax Code. It might create some jobs in this country.

Said by

James Traficant

Ohio

Source

govinfo.gov

Editor's note · Context

Traficant addresses job cuts and economic concerns while urging tax law reform.

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James Traficant: “Experts say the economy is great and getting better, but something does not add up. Hamilton Standard of Connecticut is…”

Editor's note · Context