On the recordMay 16, 2011
Mr. President, I thank the senior Senator from New York who has been a real leader on this issue to bring more tax fairness to the American people and take away the subsidies of these five companies that absolutely do not need those subsidies and to help deal with the budget deficit. We can do that with one simple step that far too many conservative politicians in this city are resisting. I join Senator Schumer in expanding on his comments. We think our Nation's spending and its budget should reflect our Nation's priorities, should reflect our investments in education, infrastructure, how it will strengthen our economic competitiveness, whether in Charleston, WV, or Ironton, OH, through the innovation of entrepreneurs and small businesses. Our Tax Code should also reflect our priorities to create jobs at home--to encourage companies to invest in clean energy to end our Nation's dependence on foreign dirty oil. Last week, unfortunately, we heard just how out of touch some politicians and their benefactors in the oil industry are with the real priorities and real problems facing our Nation--huge Federal deficits, $4-a-gallon gas, Americans struggling to find a job or put food on the table even if they are employed. I received a letter from Laurie from Lakewood, OH: This recession has hurt our family budget for the past three years. My husband and I have had our pay reduced. We cut our expenses--not going out to eat or to the movies or the department stores.…
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