[Congressional Record Volume 149, Number 63 (Wednesday, April 30, 2003)]
[House]
[Page H3538]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SELLING MASSIVE TAX CUTS THAT THE AMERICAN PEOPLE DO NOT WANT
The SPEAKER pro tempore. Under a previous order of the House, the
gentlewoman from Ohio (Mrs. Jones) is recognized for 5 minutes.
Mrs. JONES of Ohio. Mr. Speaker, for the last 2 weeks, President Bush
and his advisers have traveled the country, including a visit to my
home State, trying to sell their massive tax cut to the American
people.
{time} 1645
They are wrapping it in fancy paper and calling it a ``stimulus
package'' or an ``economic plan.'' But the American people are not
buying it. In fact, many members of the President's own party disagree
with this reckless proposal. They can dress this tax cut up any way
they want and it is still just that: a tax cut for the wealthiest 1
percent of Americans that does nothing to create jobs and will only
sink our Nation further into debt. A tax cut of this size directed to
the privileged few will not help our struggling economy no matter what
it is called.
I represent the 11th congressional district of Ohio. Since 2001, Ohio
alone has lost 167,800 jobs, which is more than 3 percent of its total
workforce. In the city of Cleveland, 53,900 jobs have been lost since
the President was sworn into office, which is 4.7 percent of its
workforce.
Over the last few weeks, I have spoken with many members of the
Cleveland business community and most agree on one thing: this tax cut
is useless as a tool to help their struggling businesses. For example,
local businesses tell me that they are much more likely to invest in
new jobs and new technology if they are allowed to write off more of
those investments on their taxes, and workers in the health care field
feel they are best helped by increased provider reimbursements, not a
dividend tax reduction.
What is more, the Republican budget will mean cuts in local services
of all kinds. It means fewer qualified teachers in our public schools.
It means fewer police to keep our neighborhoods safe. It means fewer
firefighters and EMTs to respond to our emergencies, and it means fewer
hospitals dedicated to caring for the veterans who have put their lives
on the line to protect ours.
We can and we must do better than that.
Democrats are all for cutting taxes. The difference is that we
believe in cutting taxes responsibly so that those cuts can serve as
fuel to get our economic engines turning again. We believe responsible
tax cuts take into account the future as well as the present and do not
increase deficits, raise interest rates, or risk jobs.
That is why Democrats have proposed cutting taxes by $85 billion, and
our tax cuts would go to those who really deserve it: hard-working
Americans who are most likely to put the extra money back into our
economy, and small businesses which need incentives to invest. Our tax
cut is a part of a real stimulus package, a $135 billion plan to put
Americans back to work by investing in the things that are most
important to them: homeland security, education, health care, and
transportation. The difference between these two plans is clear. It is
simply a question of priorities.
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