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Concurrent Resolution On The Budget For Fiscal Year 2010

Floor Speech

Date: April 2, 2009
Location: Washington, DC
Issues: Government Budget and Spending

CONCURRENT RESOLUTION ON THE BUDGET FOR FISCAL YEAR 2010 -- (House of Representatives - April 02, 2009)

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Mr. CASSIDY. Madam Chair, I speak against the Democrats' budget and for the alternative. Justice John Marshall said that the power to tax is the power to destroy. Now, that power shouldn't be used unless we understand the consequences.

This Democrats' budget taxes without regard to consequences. And I know that because it includes over $30 billion in tax increases on America's energy economy.

Now, what are these consequences? The energy industry, which employs about 320,000 people in Louisiana, will not hire new workers and may have to lay some off. And, because we disincentivized domestic production, America will buy more foreign oil, as opposed to using our own oil, which is produced by American workers.

I offered an amendment yesterday to establish a point of order against tax legislation that would either destroy U.S. energy jobs or increase our dependence on foreign oil, and I was defeated on a straight party-line vote.

The only recourse to save these jobs, which are not for CEOs, but are for people who work on rigs, they're welders, they are pipeline pipefitters. The only way to save these jobs and defend America's energy security is to vote against this Democrats budget.

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