President's Second Stimulus Increases Debt and Taxes

Floor Speech

Mr. WILSON of South Carolina. Mr. Speaker, last Thursday the President addressed a joint session of Congress in order to describe his second stimulus. This proposal would create $447 billion in new spending, being paid for by tax increases.

House Republicans remain committed to working together in order to create job growth and promote an environment that allows for small businesses to hire workers. Sadly, the administration's proposal pushes new taxes on small businesses, which would create an environment that destroys jobs. The President was previously correct, saying you do not increase taxes in a recession. Raising taxes destroys jobs.

The administration's last stimulus added $814 billion to our debt. More importantly, it failed to accomplish the goal of keeping unemployment below 18 percent. Currently, 14 million people are unemployed and 25 million who want a full-time job do not have one.

The House Republicans have passed numerous bills to create jobs. House Republicans have shown their commitment to jump-starting the ability of small businesses to create jobs.

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

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