Political Quotes

On the recordJune 7, 2012
Today, once again, we're on the floor of the House of Representatives with our friends on the other side of the aisle arguing about how we tax the American people, how if we're going to take this tax out we've got to replace it with another tax. Good gosh, aren't energy prices high enough already? Why do we want to pass that on to consumers and make gasoline more expensive? It does not make sense, and that's why we are here today to repeal a tax. Mr. Speaker, what is the tax we're talking about? It is a tax on business, on high tech. It is on medical devices that have allowed America to lead the world in solving problems, to give people medical devices, things that will make their lives even better. Mr. Speaker, I received a letter from Walter J. Humann, president and CEO, OsteoMed. He came and met with me at my office and then sent me a letter. Here's what Mr. Humann said--and I believe he represents not just the industry, but thousands of people, patients also who rely on high-tech and medical devices that would be without. He said: In addition to challenges with the FDA and reimbursement, this 2.3 percent excise tax--which is on gross sales, whether or not a business has any profits or not--will directly impact our ability to create new jobs, invest in research and development and effectively compete in a global marketplace.…
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Pete Sessions
Republican · Texas

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