[Congressional Record Volume 157, Number 191 (Tuesday, December 13, 2011)]
[House]
[Pages H8735-H8736]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
{time} 1040
PAYROLL TAX CUTS
The SPEAKER pro tempore. The Chair recognizes the gentleman from
Virginia (Mr. Connolly) for 5 minutes.
Mr. CONNOLLY of Virginia. Mr. Speaker, once again we are presented
with a false choice today. In the Alice in Wonderland world of the
House, Republicans oppose payroll tax cuts unless they can be used as a
vehicle to cut unemployment benefits. According
[[Page H8736]]
to the majority, it isn't worth passing a simple payroll tax cut
without eviscerating Americans' health care. In this warped, parallel
universe, payroll tax cut extensions must be accompanied by gratuitous
measures to punish Federal employees and civil servants like Border
Security agents and FBI agents. And, of course, the majority seems
singularly incapable of writing any bill, especially at this time of
year, Christmas, that doesn't contain several special provisions to
benefit the Koch Brothers and Big Oil giveaways.
Sadly, this bill is consistent with the Republican pattern of
extortion on behalf of an extreme special interest agenda. After almost
shutting down the government, furloughing FAA employees, and blocking
the appointment of a director to the Consumer Financial Protection
Bureau and other agencies, now, believe it or not, they are holding tax
cuts hostage.
President Obama sent a simple legislative package to Congress: Extend
the payroll tax cuts, saving the average American family $1,500 a year.
Extend unemployment insurance benefits to create 1 million jobs and add
1 full percentage of growth to the economy. This very proposal received
a majority vote in the Senate but, of course, was blocked by a
Republican filibuster. It did what the Republicans say they want to
do--cut taxes and grow the economy. Too bad their actions don't match
their words.
Based on their rhetoric, one would think that Republicans would
support a simple tax cut. That is, after all, their solution to every
economic challenge: Cut taxes, especially for millionaires and large
corporations. Yet when presented with a simple tax cut bill targeted to
help the middle class in America, Republicans rebel and reject it in
favor of a piece of special-interest sausage so laden with lobbyist
giveaways and ideological poison pills that it would make the author of
``The Jungle,'' Upton Sinclair's, nose turn blue.
The bill before us today slashes unemployment benefits for Virginians
in my home State by 38 percent, and it increases Federal employee
pension contributions by 63 percent while reducing total pension
payments. Federal employees, in other words, will pay more and get less
retirement security after a lifetime of public service. For good
measure, it extends public servants' pay freeze for a full 5 years. It
contain a costly special interest policy rider that will increase oil
exports to China and raise American gas prices. It repeals part of the
Clean Air Act, allowing polluters to spew forth mercury, arsenic, and
other toxic pollutants from industrial boilers. In fact, repeal of this
Clean Air Act public health standard will burden the American economy
with $20 billion to $52 billion in additional health care costs every
year.
We must remember what a perilous state the economy is in. Thanks to
the successful Recovery Act and expansionary monetary policy,
unemployment has fallen now to 8.6 percent. It would be 8.25 percent
except for the fact that Republican policies have led to the loss of
over a half-million public sector jobs throughout the United States.
The number of underemployed and long-term unemployed Americans has
fallen as people have found steady, full-time jobs, and private-sector
job growth has been growing every month for 21 consecutive months.
We're not out of the woods, but we are making progress.
The Congressional Budget Office, McCain campaign adviser Mark Zandi,
and Barclays Bank all estimate that extending unemployment benefits
will increase the economy by a full 1 percent and add 1 million jobs.
That's because unemployment benefits have a multiplier effect--they are
spent as soon as they are gotten. The payroll tax cut, in addition,
will provide Americans with an average of $1,500 per worker, creating
some $250 billion in economic activity and adding 1 full percentage
point to the GDP.
The Speaker controls which bills come to the floor of the House.
Let's junk this bill and come up with a clean payroll tax extension and
unemployment benefits for all Americans, creating jobs and growing this
economy.
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