[Congressional Record Volume 150, Number 130 (Monday, October 11, 2004)]
[Extensions of Remarks]
[Page E1921]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




   CONFERENCE REPORT ON H.R. 4520, AMERICAN JOBS CREATION ACT OF 2004

                                 ______
                                 

                               speech of

                            HON. KEVIN BRADY

                                of texas

                    in the house of representatives

                       Thursday, October 7, 2004

  Mr. BRADY of Texas. Mr. Speaker, let's be honest: Republicans don't 
ship American jobs overseas. Neither do Democrats. Why would they?
  But our own U.S. Tax Code does, and that's the responsibility of both 
parties in Congress. It's time we stop pointing fingers and start 
working together to save American jobs.
  That's what the American Jobs Creation Act does. It removes the job-
killers in our Tax Code.
  It's a proven, commonsense principle: Stop punishing those who build 
in America. Lower the tax burden on those who manufacture and produce 
here in America, with a higher tax rate if you build it overseas.
  Create jobs in America's small businesses by letting them keep more 
of what they earn--making it easier to buy that new computer, that new 
printer, that new machinery so they can compete with anyone, anywhere.
  And for all those small industries--whether they are American 
companies making bows and arrows, tackle boxes, small aircraft, or U.S. 
films--let's get rid of the job killers where our Tax Code treats them 
worse than their overseas competitors.
  Some critics may ridicule these provisions, but it's no laughing 
matter to the American workers in these small industries.
  This bill also restores sales tax fairness to the Tax Code, easing 
the sales tax burden on American families and giving a direct economic 
boost to Main Street.
  In States like mine, it means delivering $1 billion of tax relief to 
Texas families each year, and creating enough new jobs to fill nearly 
every seat in the Toyota Basketball Arena with a new Texas worker.
  Best of all, every taxpayer in America will have the option of 
choosing to deduct either their state and local income taxes or sales 
taxes, whichever is highest.
  Thanks to the leadership of Chairman Bill Thomas, the key support of 
Majority Leader Tom DeLay and hard work by my colleague Sam Johnson of 
Texas, we have re-opened the door to sales tax fairness that has been 
locked shut for 18 years.
  Every legislator from a sales tax State should support this bill 
because this opportunity may not occur again for another two decades, 
if at all.
  In conclusion, let's get the job-killers out of our Tax Code, and 
create jobs right here in America.

                          ____________________