[Congressional Record (Bound Edition), Volume 147 (2001), Part 14]
[House]
[Pages 20464-20465]
[From the U.S. Government Publishing Office, www.gpo.gov]



            PROVIDE ECONOMIC STIMULUS TO PEOPLE WHO NEED IT

  (Mr. ALLEN asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. ALLEN. Mr. Speaker, let us just talk the facts about this 
particular bill, the economic stimulus bill that the Republican 
leadership is bringing to the floor. Most Americans got a $300 tax 
rebate not so long ago. Now we understand where the Republican 
leadership is really coming from. This bill on the floor today will 
give a $1.4 billion rebate to IBM, $1.4 billion; it will give a $833 
million rebate to General Motors; it will give a $671 million rebate to 
General Electric, and on down the line. It gives $2.3 billion to the 
Ford Motor Company.

[[Page 20465]]

  My friends on the Republican side of the aisle call this ``economic 
stimulus.'' These are good corporations. They are strong corporations. 
They do not need a rebate of taxes they have paid since 1986.
  What we need in this country is an economic stimulus package that 
goes to people who will spend it, not $25 billion to the largest 
American corporations.

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