Don Nickles: “this amendment offered by our friend from California increases taxes by $24 billion over 3 years. Basically it would…”

“this amendment offered by our friend from California increases taxes by $24 billion over 3 years. Basically it would wipe out all the tax relief we have in the bill in the year 2005 for the child credit and marriage penalty. But it doesn't add any funding for jobs programs. We hear it does. It has a reserve fund that could increase spending, maybe, if a few things happen. The resolution before us fully supports the FSC/ETI bill, the JOBS bill Senator Grassley and Senator Baucus are working on. If you want to help us be more competitive, to create more jobs, that is certainly the approach. It is a bipartisan approach and has a much greater likelihood. The proposal suggested by our friend from California, frankly, would mean an exodus of jobs from the United States. It would be telling multinational corporations, you should not be in this country. You have tax advantages for being in other countries. I don't think we should be encouraging the headquarters of companies such as Intel or Microsoft and others to be leaving the United States. I urge our colleagues to vote no on the Boxer amendment.”