[Congressional Record (Bound Edition), Volume 147 (2001), Part 14]
[House]
[Page 20464]
[From the U.S. Government Publishing Office, www.gpo.gov]



                             CORPORATE ORGY

  (Mr. MENENDEZ asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. MENENDEZ. Mr. Speaker, the Republican Economic Security Act being 
voted on today is not economic stimulus; it is a corporate orgy. It is 
not temporary, as most economists would recommend, but a permanent 
corporate party at the expense of the average taxpayer.
  The Republican plan does not help small and mid-sized businesses that 
cannot weather the storm on their own, but it does help special 
interests. The Republican economic plan not only provides a tax break 
for corporations, but a corporate tax bonus going back to 1986. 
Displaced, laid-off workers get no guaranteed assistance; and if they 
get anything, they get chicken feed.
  The Republican plan is nothing but a shameless raiding of billions of 
dollars from the public treasury for private profit, with $20 billion 
in tax benefits alone for overseas corporations of financial services 
companies. At a time of national urgency, when we should be here 
providing for the security of the American people, we should not in 
fact be fleecing them, and that is what this Republican plan does.

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