On the recordJuly 29, 2011
Madam Speaker, I am delighted that the gentlewoman comes down and talks about this game that's going on about jobs. I am going to read from an article that I will insert into the Record regarding information on tax hikes and what that does to American jobs: ``This past January, Illinois Governor Pat Quinn signed into law a 67 percent increase in the State personal income tax rate and a 45 percent increase in the State corporate tax rate. Between its passage then and June, Illinois lost 56,223 jobs. ``To combat the job loss caused by the higher taxes on businesses, the Illinois Department of Commerce `has already shelled out some $230 million in corporate subsidies to keep more than two dozen companies from fleeing the State.' '' Well, this is exactly what President Obama is suggesting for America, the same thing that they do in his home State in Illinois, raise taxes substantially on all of those rich people and corporations. Madam Speaker, a 56,000 job loss. They're now having to spend an incredible amount of money to convince people, really to pay them off, just to stay. This is the game that the Democratic Party plays. This is exactly what the gentlewoman was talking about about the serious elements of jobs and the consequences of killing jobs in this country. Madam Speaker, I will tell you the Republican Party will not fall victim to raising taxes like the Democratic Party and like President Obama want us to do.…





