Political Quotes

On the recordMarch 7, 2002
when we have bills that are the result of real compromise before us, it is incumbent upon us to find real consensus. The fact is that this is a balanced bill, and extending unemployment benefits for another 3 months makes sense. We all agree on that. I also agree on the tax incentives. The capital equipment that is going to be purchased as a result of the 30 percent accelerated depreciation probably would have happened anyway, but it is going to happen now, it is going to be concentrated, it is going to give a real jump-start to the economy, and it is going to get those folks on unemployment now back into the workforce. Even the 5-year loss carry-back makes sense. This is the kind of thing where the money that we are providing is going to be invested immediately for the productivity of our workforce with the capital investment, and it is going to be invested in the kind of plant and equipment that will ensure that these companies will be sustainable. We have a great thing going for us. We have had a mini recession. There are certain things that we need to do to fill gaps, to build capacity in the economy, and we need to make sure that our working families can provide for their children. This does it. It should be approved, and it should be approved unanimously.
Said by
James Moran
Virginia

Editor's note · Context

Discussing the importance of a balanced bill to extend unemployment benefits and stimulate the economy.

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