[Congressional Record (Bound Edition), Volume 149 (2003), Part 10]
[House]
[Page 13330]
[From the U.S. Government Publishing Office, www.gpo.gov]




                       TAX BILL CREATES NEW JOBS

  (Mr. BALLENGER asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. BALLENGER. Mr. Speaker, I just want to speak and say a few 
positive things about the tax bill that was so heavily attacked a 
moment ago. I had the opportunity in North Carolina over the past 
weekend to speak to a group concerning the positive aspects of this 
thing, the job-creation part of it.
  As many of my colleagues in this body recognize, I own a small 
manufacturing company in Hickory, North Carolina; and the tax benefits 
in this program, with the increased appreciation, makes decisions much 
more likely to be made, at least as far as my own little company is 
concerned.
  With that 50 percent tax break and depreciation allowance the first 
year, we have made a decision that we made today, before I left home, 
that we will purchase a machine that costs $150,000. That machine, the 
moment it is delivered to our company, will create six jobs.
  I do not know what else anybody else knows about this tax bill, I 
know there is a whole bunch of discussion about taxes for the rich and 
taxes for the poor, but this idea of creating new jobs by our tax bill 
is first class, and I want to say I greatly appreciate it.

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