On the recordJune 29, 2011
I thank my friend. We are going to talk through some of the specifics of why this is important as a way to boost the economy. In the beginning, what I would like to just lay out is that as we have seen these discussions go forward over the last couple of months about boosting the economy, invariably the fight comes down to the question of whether we ought to spend more in order, particularly in a consumer-driven economy, to create jobs and put our folks back to work. What Senator Coats and I have described is an opportunity and a way that is deficit neutral. As my friend from Indiana knows, this has been demonstrated by our analysis from the Joint Committee on Taxation. This is a deficit-neutral strategy for putting our people back to work because by eliminating some of these special interest tax breaks--and thousands and thousands of them have gotten into the Tax Code over the last quarter century--we can take those foolish tax breaks off the revenue roles and use those very same dollars to create what we call red, white, and blue jobs to put people back to work in the manufacturing sector in Indiana. Of course, the President and I know how deep the hurt is in our home State.…





