Political Quotes

“Mr. Speaker, I rise to urge opposition to the Rangel substitute here today. It is unbelievable that just as the economy in our Nation is starting to turn around, seeing increasing jobs, lowering the unemployment rate, higher rates of home ownership, that we are going to be asked through this amendment, through this substitute, to raise taxes on our job creators. According to the Joint Committee on Taxation, this substitute will hit approximately 200,000 individual returns, 75 percent of those returns having small business income, income that can be used to plow back into those small businesses, plow back into increasing the number of jobs at that small business, plow back into that small business for better equipment, better technology, a larger physical facility to handle the operations of that small business. That would be cut. That would be adversely impacted by this substitute. The substitute also reverses the effects of the President's 2001 and 2003 tax relief. At a minimum, affected families and small businesses will pay a marginal tax rate of 38.6 percent. Mr. Speaker, now is not the time to stifle economic growth in this Nation through higher taxes. Now is the time to continue economic growth through lower taxes. I would urge my colleagues to vote 'no' on the Rangel substitute.”