[Congressional Record (Bound Edition), Volume 156 (2010), Part 1]
[House]
[Page 297]
[From the U.S. Government Publishing Office, www.gpo.gov]




                           WALL STREET REFORM

  (Mrs. CAPPS asked and was given permission to address the House for 1 
minute and to revise and extend her remarks.)
  Mrs. CAPPS. Mr. Speaker, I rise today in support of the Wall Street 
Bonus Tax Act. The legislation introduced by Congressman Peter Welch 
would right a terrible wrong.
  Right now, dozens of the financial institutions responsible for the 
economic meltdown are reverting right back to their old bad habits. 
They are getting ready to clap themselves on the back for the great job 
they think they've been doing by giving themselves billions of dollars 
in bonuses. But the thanks and the bonuses should go not to the bankers 
at Goldman Sachs and Citigroup and the others; it should go back to the 
American people.
  It was the American people who stepped in and saved the banks from 
themselves. It was the American people who pumped billions of taxpayer 
dollars into Wall Street to keep it from melting down and taking the 
rest of the economy with it. And it should be the American people who 
reap the benefits of that action, not Wall Street banks.
  Congress should pass the Wall Street Bonus Tax Act and give the 
American people their money back.

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