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Tax Proposal And Honoring 49th Anniversary Of Peace Corps

Floor Speech

Date: Sept. 22, 2010
Location: Washington, DC
Issues: Taxes Foreign Aid

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Mr. GARAMENDI. Mr. Speaker, I intended to speak to the 49th anniversary of the Peace Corps. On this day, 49 years ago, Congress passed and the President signed the authorization for the Peace Corps. Over those 49 years, tens of thousands, indeed hundreds of thousands, of Americans have served this country in what is known as the most difficult job you will ever love, and my wife and I did, indeed, love it.

However, the tax proposal that's before us is that every American taxpayer will receive a lower tax rate on the first $250,000 that they have in adjusted gross income, whether they are a small business or an individual taxpayer. Those that have greater would pay somewhat higher tax. The other alternative is to run up the deficit another $700 billion, which I think is a particularly bad idea.

But back to the Peace Corps. It's a great institution, and it's been supported by both Democrats and Republicans, and we think that's a good thing.

And that's the rest of the story.

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