[Congressional Record Volume 157, Number 163 (Thursday, October 27, 2011)]
[House]
[Page H7152]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                              JOB CREATION

  (Mr. THOMPSON of Pennsylvania asked and was given permission to 
address the House for 1 minute and to revise and extend his remarks.)
  Mr. THOMPSON of Pennsylvania. Mr. Speaker, not only can we not wait; 
we can't afford to wait. And here in the House, we haven't waited.
  With this week's passage of H.R. 1904, the Southeast Arizona Land 
Exchange and Conservation Act of 2011, and H.R. 674, the repeal of the 
3 percent withholding rule on certain payments made to vendors by 
government entities, the House Chamber now has passed more than 17 job-
creating bills in the 112th Congress.
  H.R. 1904 will boost development of our Nation's copper resources, 
generating billions in new revenue and creating new environments for 
economic growth. Much like the costly Form 1099 requirements that we 
succeeded in repealing earlier this year, the 3 percent withholding 
rule would impose substantial new burdens on cash-strapped employers, 
impeding cash flows and further undermining job creation.
  Passage of H.R. 674 will not only create jobs; it will relieve 
Federal, State and local governments of the need to comply with 
unfunded administrative burdens that the rule would impose.
  Mr. Speaker, not only can we not wait; we cannot afford to wait. And 
here in the House, we haven't waited.

                          ____________________