[Congressional Record Volume 146, Number 127 (Thursday, October 12, 2000)]
[House]
[Page H9820]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                PLANNED PARENTHOOD REVEALS LARGE PROFITS

  (Mr. STEARNS asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. STEARNS. Mr. Speaker, as the appropriation process continues here 
in Congress, I want to bring attention to Planned Parenthood's 1998/
1999 annual report. The report shows the inordinate amount of profits 
made from their operation. In 13 years, their profits have totaled $356 
million and not once, not once in that time, did they report a loss. In 
fact, their annual report stated they currently have net assets 
totaling $536 million.
  This is an increase of $131 million in just one year. Even dot-com 
companies would be envious of such profits. These numbers might be 
wonderful if Planned Parenthood was just a normal business, but the 
organization claims to be a charity. They are subsidized by the United 
States Government through grants; and they also want special deals, 
including reduced rates of advertising in the media.
  It is time, Mr. Speaker, that the American public saw Planned 
Parenthood for what it is, a business intent on making profits at 
taxpayers' expense.

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