We Need A Prescription of Lower Taxes and Lowering Spending

WE NEED A PRESCRIPTION OF LOWER TAXES AND LOWERING SPENDING -- (House of Representatives - July 21, 2009)

BREAK IN TRANSCRIPT

Mr. GUTHRIE. I remember walking into my home one night when I was a senior in high school after school, 1982. My father and mother were talking with each other with a distressed look on their faces, and my dad was telling my mother that he was losing his job. The factory where he expected to work his entire life was shutting down. This was 1982, the recession, a recession like we find ourselves in today; and the prescription from Washington was to lower spending and to cut taxes.

In the late 1980s, my father decided to take advantage of the economy and create a plant that he used to work at; and he decided to start a new plant, created over 500 jobs because Washington's prescription was lowering taxes and lowering spending.

The prescription today coming out of Washington to try to get out of this recession is to raise regulation and to raise taxes; and, Mr. Speaker, I believe that's why we're lingering in this recession, because people don't want to invest, because they're concerned about what's happening here in Washington, D.C.

BREAK IN TRANSCRIPT

Source