[Congressional Record Volume 157, Number 86 (Wednesday, June 15, 2011)]
[House]
[Page H4201]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                              {time}  1230
               EMPOWERING BUSINESSES TO GET ECONOMY GOING

  (Mr. DOLD asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. DOLD. Mr. Speaker, it is no coincidence that Illinois' corporate 
tax rate is the fourth-highest in the Nation and yet ranks 48th in 
economic performance. Businesses, big and small, can no longer afford 
to keep their doors open and hire more workers when they face a 45 
percent tax increase.
  If we are serious about creating jobs, then we must stop allowing the 
government to pick winners and losers in today's economy. In order to 
create economic certainty, we must have a level playing field and 
clearly defined rules that don't change halfway through the game. We 
need to encourage businesses to invest and to expand here at home. One 
way that we can do that is through corporate tax reform, eliminating 
tax loopholes that currently exist in the system.
  One thing is clear: Increases in taxes without spending reform cannot 
work. It is time that we start to empower businesses to get our economy 
moving again. Illinois has lost 750,000 manufacturing jobs over the 
last decade. Now is the time we have to focus on job creation.

                          ____________________