Joe Wilson: “This does indicate that under unemployment insurance, that the States have received $8 billion. This is from Federal…”

“This does indicate that under unemployment insurance, that the States have received $8 billion. This is from Federal funding. In 2002, only $2 billion of that was actually used. There was a surplus apparently of $6 billion. The bottom line is by creating jobs, what we are doing in the plan that we will be voting for tomorrow, we are providing for additional State revenue by sales tax. That is virtually a universal tax in the United States at most State levels and, that is, by providing for an increase in income, by a person having the ability to keep their own money, when they go to the store and buy products, when they are at Wal-Mart as I frequently am, that with the sales tax, that goes straight to the State. It goes for schools. Additionally, I am so pleased that this package includes a reduction in the capital gains tax. I can tell the gentleman from firsthand experience, until 16 months ago I was a real estate attorney. I know that by reducing the capital gains tax, and this has been a cause of the chairman of the Committee on Ways and Means, the gentleman from California (Mr. Thomas), for a number of years. By reducing the capital gains tax, this will help again create jobs.”