On the recordJune 28, 2005
I am going to surprise my colleague, the gentleman from Wisconsin (Mr. Obey), and support what he just said, part of it, just parts of it. I voted with the gentleman from Wisconsin (Mr. Obey) on the credit card issue in the committee. And I say to the gentleman from Wisconsin, I do not know where the right place is to do this, but just think about the issue itself. Any one of us, our children or anybody else can receive a notice, or the credit card company can get a notice, maybe you do not cash a check on time and you get it there, maybe you miss a payment. That person can notify the credit card company, and they can raise your rates by 30 percent. My own daughter went through a credit card fraud where there were people cashing her credit cards all over the country. And that was hard enough. But the issue the gentleman from Wisconsin (Mr. Obey) is talking about is a valid one. And I hope somewhere, someplace, if someone does object, I will not. We can resolve that issue because it is a terrible issue. On the issue of tax breaks for the rich, of course we will arm wrestle. Fifty percent of the money that goes to Sub S corporations provides about 70 percent of the jobs in this country. And if you take a look, the economy is improving. The interest rates are low. Inflation is low. The job rate is 5.1 percent, and we are improving a lot because of the things that we have done together in many ways to stimulate the economy. Now, the tax relief.…
Source
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