Providing for Consideration of Senate Amendment to House Amendment to Senate Amendment to H.R. 1586, Education Jobs and Medicaid Assistance Act
Floor Speech
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Mr. SESSIONS. I appreciate the gentleman, Mr. Dreier, for yielding me this time.
Madam Speaker, last night at the Rules Committee, we had a very vigorous and spirited debate. It is continuing, although with less fervency, on the floor today about the insistence of the Democratic Party to blame corporations for the ills, blame George Bush for all the problems, when, in fact, it's been 15 straight months of unemployment, over 9.5 percent that the Democratic Party is personally responsible for.
The substance of this bill is not just about teachers. We already know it's about a lot of other issues. One of them is about the competitiveness of America as we do business overseas.
The U.S. Chamber says about this bill, it ``would impose draconian tax increases on American worldwide companies that would hinder job creation, decrease the competitiveness of American businesses, and deter economic growth.''
Madam Speaker, the Democratic Party is hung up on this issue, and yet they will blame George Bush for the bad legislation that they passed.
The facts of the case are simple. Americans invest in the stock market, American companies need to seek
markets all around the world, and this bill will make it far, far more difficult for American companies to invest in their operations that make money. Making money is what keeps the stock market, 401(k)s, and lots of other retirement plans up to where they are able to receive the funds as a benefit of a worldwide economic opportunity.
Madam Speaker, the Democratic party is once again going to go and harm not just the stock market but employment and our ability to make a comeback.
The National Association of Manufacturers says, ``Imposing $9.6 billion in tax increases on these companies will jeopardize the jobs of American manufacturing employees.'' It is Americans who work here who produce goods and services that are sold overseas, and what we want to do is to take away the ability that companies have to sell overseas.
That is the legacy of this Democratic Party, higher taxes, more rules and regulations, debt, and record unemployment.
This is not how you give opportunities to people to build jobs. It is job destruction, and that's what the Democratic party is known for. This comes in line with the three largest political items of this Democrat majority that net lose America 10 million American jobs.
Don't blame somebody else, Madam Speaker. Please stand up and admit. You have been in office now, not just Ms. Pelosi, for 4 almost years now, but the President now for a year and a half.
Pin the tail on the donkey.
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