[Congressional Record Volume 149, Number 75 (Tuesday, May 20, 2003)]
[House]
[Pages H4325-H4326]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                    PASS PRESIDENT BUSH'S JOBS BILL

  (Mr. KINGSTON asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. KINGSTON. Mr. Speaker, back home in Georgia we need jobs. We need 
it for college graduates. We need it for high school graduates. We need 
it for people who are 35 years old. We need it for people who are 45 
years old.
  People like Ted Smith. I am going to make up a name, but he was one 
of the 903 workers who were laid off when the Durango paper mill in St. 
Mary's, Georgia, closed down. He is looking for work. And that is why 
it is so important for this body and the other body to pass President 
Bush's jobs bill.
  The jobs bill stimulates the economy by allowing more expensing for 
small businesses. Small businesses can expand. They can write off more 
of their

[[Page H4326]]

expenses, and they will invest. It is very important. It also helps 
consumers by allowing them to have a lower tax rate. It accelerates tax 
reduction that has already been passed by this Congress. It puts it 
into law, though, in the year 2003 instead of phasing it in over time.
  This bill also allows reductions in the capital gains tax. If one 
sells something and they can keep more of their money, then obviously 
they are going to be more inclined to sell something. That is a novel 
concept in Washington, but back home people understand if I sell 
something, I have got more money in my pocket; it is a good deal. And 
the best part is less money will go to Washington bureaucracies which 
are just going to grow the government and reduce our personal freedom.
  This jobs package has already passed the House. It just recently 
passed the other body. Now it is headed towards the Conference 
Committee. I hope we can get this thing done by the end of the week 
because folks back home in Georgia, and I am sure it is true in 
California and New York and Maine and all over this great country, they 
need jobs, they need work, they need it today. Let us pass this bill.

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