[Congressional Record (Bound Edition), Volume 147 (2001), Part 16]
[House]
[Pages 22595-22596]
[From the U.S. Government Publishing Office, www.gpo.gov]



          WE NEED A REAL ECONOMIC STIMULUS PACKAGE FOR AMERICA

  (Mr. TOOMEY asked and was given permission to address the House for 1 
minute.)
  Mr. TOOMEY. Mr. Speaker, hundreds of thousands of Americans are 
losing jobs. We need an economic stimulus package now that will lower 
the Federal tax burden and, thereby, increase incentives to work, to 
save, to invest, to start new small businesses, to hire new workers.
  We need to create an environment of opportunity, to help people get 
back to work, because the people that I represent of the Lehigh Valley 
and the Upper Perkiomen Valleys of Pennsylvania, they do not want to 
know how long they can stay out of work; they want to know how quickly 
they can get back to work.
  The President has proposed and the House has passed a meaningful, 
tax-lowering, back-to-work economic stimulus package. And what is the 
other Chamber doing? Instead of a real economic stimulus package, the 
majority party in the other Chamber has proposed a package mostly 
consisting of unproductive government spending.
  Unbelievably, less than 30 percent of the Senate Democrats' stimulus 
bill, so-called stimulus bill, is dedicated to

[[Page 22596]]

actually increasing any incentives for new job creation. Instead, there 
is all manner of new spending. There is an expansion of authority for 
Indian tribes to issue tax exempt private bonds, there are increases in 
subsidies to bison ranchers and pumpkin growers, there is a tax credit 
proposed for using poultry waste to produce electricity.
  Mr. Speaker, this is not economic stimulus; it is pork barrel 
spending. We need real economic stimulus.

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