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Pelosi Takeover Is Bad For Jobs

Floor Speech

Date: Nov. 2, 2009
Location: Washington, DC
Issues: Business and Consumers Health and Health Care

Mr. WILSON of South Carolina. Mr. Speaker, the Pelosi takeover bill is nearly 2,000 pages of regulations and tax hikes that will strangle small businesses across America. At the same time we celebrate the new jobs being created by Boeing in South Carolina, the Pelosi takeover will destroy jobs, and we must stop it.

Senior citizens are under attack by squeezing Medicare. The Pelosi takeover will impose $135 billion in taxes on small businesses. In addition, this bill includes nearly $500 billion in other taxes, including a surtax on small businesses. The Nation's largest small business association, the National Federation of Independent Business, NFIB, reports that this employer mandate will negatively impact small businesses, eliminating 1.6 million jobs.

I encourage Speaker Pelosi to scrap her health care takeover and to work across the aisle with Republicans to adopt elements of H.R. 3400 and to give small businesses the opportunity to pull together to receive competitive rates.

In conclusion, God bless our troops, and we will never forget September the 11th in the global war on terrorism.


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