On the recordMay 22, 2003
I looked up and I heard these figures come out that this many people are going to be left out of this bill. I looked up at who is supporting it and where the figures are coming from. It is called the Center on Budget Priorities, an extreme far- left-wing organization that is supported by Democrat Socialists of America, lodged a progressive caucus on its website, supports increased taxes, increased social spending, bigger wasteful government, supports union over small business, and I could go on. So I think the numbers are a little bit misfit. In the year 2000, this country was going through a recession. The tax relief that was passed according to Alan Greenspan and the economists who testified before the committees said that the tax relief shallowed that recession. It was growing at about 4.5 percent, which is slow, but it was increasing. And then we had 9/11. New York City alone, $200 billion in reconstruction and construction. That does not include $83 billion in lost revenue and the jobs that went with it. In all of your districts, think about the hotel business, the tourism. Hotels in San Diego were at 10 percent occupancy. Tourism went down. The airlines got hurt. Look what happened to the stock market. Then we had Enron; then we had WorldCom. We produced 58 bills that the other body did not pass to stimulate the economy. That was under Democratic leadership in the other body.
Source
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