Glenn English: “Mr. Speaker, I have listened with growing disappointment to the bipartisan inflection coming from the other side…”

“Mr. Speaker, I have listened with growing disappointment to the bipartisan inflection coming from the other side, because I represent Erie County, Pennsylvania. That is my home community, and we have experienced a 6 percent drop in manufacturing employment in the last few months. Just last week, roughly 800 jobs were permanently eliminated. Mr. Speaker, we need to move today not only to retain jobs, but to also encourage new job growth. The alternative being offered by the other side does not really do a lot to help grow the economy. The underlying bill does. That is why I rise in strong support of it. By increasing the opportunities for businesses, particularly manufacturers, to expense their capital purchases for most appreciable property, our bill does just that. Huge additional amounts of business capital investment are going to be necessary to restart the economy. We know that productivity is spurred by investment in innovative capital equipment. The sooner manufacturers can recapture the cost of their equipment, the sooner they will be passing higher wages on to employees, lower costs on to consumers, and create good-paying jobs. I strongly support H.R. 3090 because it encourages an investment in jobs through cost-recovery reform.”