On the recordMay 28, 2010
Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, you know there is no way to get around this. This is a monster tax increase and permanent tax increase on taxpayers and business. I want to quote from the National Association of Manufacturers, which are all about American manufacturers: American companies who do business overseas will find a monster tax increase on them for doing business, penalizing them. It says many of the tax-increase proposals, which are mischaracterized as a tax loophole--you know, they are actually tax law--actually represent significant changes to a tax policy that has been supported by Congress and this administration. Now, they are going to come back and change that. You have got to blame somebody. It's obvious to me that what we will end up doing is pinning the tail on the donkey, because we know who is about trying to kill jobs. It comes through heavy taxation, and it comes through rules and regulation. I have got letter after letter after letter from businesses across this country who say this will harm American jobs. Mr. Speaker, I yield 5 minutes to the gentleman from San Dimas, California (Mr. Dreier), the ranking member of the Rules Committee. (Mr. DREIER asked and was given permission to revise and extend his remarks.)





