Political Quotes

Thomas Foley: between the Senate's attempt to raise taxes and the Democrats' desire to spend more of your money, we will never see…

On the recordMay 9, 2003
between the Senate's attempt to raise taxes and the Democrats' desire to spend more of your money, we will never see economic growth in this country. There is a reason the Joint Economic Committee calls this bill near-term stimulus and long-term growth. I understand on the other side of the aisle their Small Business Caucus must be very small because they must have missed the business and investment incentives: Bonus depreciation, small business expensing, net operating loss carryback. They must have missed for children and families the child tax credit which increases to $1,000 the credit available for parents trying to raise their children. An expansion of the 10 percent bracket. Marriage penalty relief. These are good things to stimulate the economy. Yet the only thing they can come up with is a complaint that our Chief Executive and Commander in Chief landed his plane on an aircraft carrier. People need jobs. This bill is about jobs. People need tax relief. This bill is about tax relief. I owned a small business. I know how to work our way out of a difficult economy. I wish we had more cooperation. I wish we had more participation.
Said by
Thomas Foley
Washington

Editor's note · Context

Discussing economic growth and tax relief during a debate on a stimulus bill.

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