Patrick J. Tiberi: “Thank you, Chairman Camp, for your leadership on this important issue and your leadership on the tax-writing committee.…”

“Thank you, Chairman Camp, for your leadership on this important issue and your leadership on the tax-writing committee. If we would have had similar leadership in the Senate and at the White House, we would have a different discussion today, and that would be one on comprehensive tax reform. Unfortunately, we are not having that discussion because there hasn't been leadership. In fact, there has been zero leadership from this White House. And after 5\1/2\ years of this President being in the White House, he still doesn't want to take responsibility for this economy. Taxes are higher. We have more regulations. We have an economy that is sputtering along. In fact, the facts are that the first quarter of this year, our economy retracted. This bill is a jobs bill. It is that simple. It is a jobs bill. We have had bonus depreciation since 2002. This isn't new. It has been in the Tax Code under temporary law since 2002, and extended many times--many times, retroactively. It expired, ladies and gentlemen, in December. I was talking to a CFO of a large American manufacturer this week, and he said to me, You understand that when you retroactively do this, it doesn't help our economy.…”