On the recordMay 15, 2003
in this debate about creating jobs, we have a clear choice. The Republican bill, according to virtually all economic analyses, doesn't create jobs until the year 2004. What few jobs it does create this year are vastly outdone by the bill we have before us now. This bill creates 1 million jobs this year. If this bill is about fiscal responsibility, we have a choice. The Republican bill will use $422 billion of Social Security trust funds. Our legislation has been scored at $152 billion. There is a dramatic difference between this bill and our bill when it comes to fiscal responsibility. We are talking about providing meaningful help to the vast majority of American taxpayers who need help now, who can be spurred with economic incentive. This bill does it by providing a wage credit of $300 per person. A family of four would be entitled to $1,600 when the child tax credit and marriage penalty provisions are added. There is a clear choice. This bill is fiscally responsible. This bill provides the kind of broad-based relief we want. This bill provides the kind of jobs this country so badly needs.
Source
govinfo.gov




