On the recordJune 12, 2014
I would like to read from the letter that I received from the National Association of Manufacturers. Having certainty over the tax treatment of critical investments will make planning for future investments significantly easier. Capital investment is key to economic growth, job creation, and competitiveness. Consequently, enactment of this policy would amount to a major step towards a Tax Code that will promote investment. {time} 1100 Mr. Speaker, again, this is all about jobs. Whether it is on a family farm, whether it is in a mulch business, whether it is a small manufacturer, this is about increasing jobs. Even Mr. Lew said we have a significant problem that we are facing about capital investments. This is, over the last 50 years, a tried-and-true provision that we know creates jobs. And to provide certainty is so critical. If we talk to those job creators--I have talked to them, Mr. Speaker. This is so important to give them certainty over time, not retroactivity like the narrative that we fall into. With that, I reserve the balance of my time.
