Political Quotes

“Mr. Speaker, I am pleased to offer my strong support for H.R. 4520, the American Jobs Creation Act of 2004. This important legislation will end EU sanctions against our exporters, which is harming U.S. workers, and will deliver much-needed tax relief to the manufacturing sector of our economy. In April 2003, I introduced bipartisan legislation to repeal ETI and return that money to domestic manufacturers. That legislation lowered the corporate tax rate for domestic manufacturing from 35 to 32 percent, and I am therefore quite pleased that $75 billion in direct relief for U.S. manufacturers has been included in this legislation. Of this, $13 billion is devoted to current ETI beneficiaries through important transition relief, and over $60 billion is devoted to rate cuts for manufacturers. Lowering the cost of doing business for this sector of our economy is critical for keeping the playing field level with our foreign competitors and stimulating U.S. job growth.”