[Public Papers of the Presidents of the United States: GEORGE W. BUSH (2001, Book I)]
[February 6, 2001]
[Pages 57-60]
[From the U.S. Government Publishing Office www.gpo.gov]
Remarks at Tree Top Toys & Books and an Exchange With Reporters in
McLean, Virginia
February 6, 2001
The President. I am honored to be here, Carole. Thank you very much. Next time my mother shops, I am
going to tell her to double the amount of purchases. [Laughter] I want
to thank the other small-business owners who are here, as well.
One of the unique things about America is the entrepreneurial spirit
of our country. The small-business owner is really the backbone of the
Nation in terms of job creation, in terms of hope, in terms of offering
dreams for people. I am here to talk to these entrepreneurs about the
benefits of the tax relief package, the benefits for the small-business
owner.
First, we'll make the code simpler, consolidate the rates from five
to four. By dropping the top rate from nearly 40 percent to 33 percent,
we really say to the sole proprietor, the business owner, that there is
more capital available for you to expand your business if need be, your
own money in your own pocket to be able to make sure your small business
flourishes. I strongly believe and know that cuts in marginal rates will
affect capital growth, which is so important for the growth of small
businesses in America.
Secondly, the tax relief package will help the consumers, the
customers of the small-business owner. We have an issue in America right
now called energy, and the energy prices are beginning to affect the
purchasing patterns of the people who come to the shops such as this
one. Many of the Americans have got a consumer debt load that is
significant, and it is important for us to provide meaningful tax relief
for all taxpayers so that they can better manage their own personal
accounts.
There is a lot of talk about paying down debt, and my budget that I
will submit to the Congress does pay down the national debt. But by
cutting taxes on everybody who pays taxes, by recognizing a family of
four earning $50,000 a year will receive a $2,000 tax cut, it helps
people get out from underneath their own personal debt load. And that's
important. It's important for the families; it's important for the
small-business owners.
And finally, as Carole mentioned, part of our tax plan eliminates
the death tax. Small-business owners work hard to have a financial
platform from which they can not only live but also a financial platform
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that they can pass on to their heirs. And the death tax is unfair. The
death tax is a tax that unfairly penalizes people who have worked hard
to build up their own businesses.
So this tax relief package is not only good for taxpayers; it is
also good to stimulate and to help the entrepreneurial spirit in
America, a spirit seen right here with these good folks who have taken
risk, are creating jobs, but most importantly, realized their dreams of
owning their own business. So it's such an honor to be here. I
appreciate your inviting us. Thank you all for your hospitality. I'll be
glad to answer a few questions.
David [David Gregory, NBC News].
Patients' Bill of Rights
Q. Mr. President, can you explain your position on a patients' bill
of rights, as proposed today in the Senate? Are you for it, as it was
outlined by Senators Kennedy and
McCain and others?
The President. Well, I haven't seen all the details. But first, I am
pleased that Senator Kennedy and Senator McCain have come together to
offer a plan. Inherent in their plan, as I understand, is some tort
reform. That is a really important ingredient in order to move patients'
bill of rights, as far as I'm concerned. We can't have a patients' bill
of rights that encourages and invites all kinds of lawsuits, because the
ultimate effect will be to run up the cost of business, particularly for
small businesses. And so, as I understand, there is some tort reform
language in there.
I'm a little concerned about the size of the cap on punitive
damages. I want to make sure that if there is tort reform, it's a tight
tort reform package, without a lot of loopholes that will allow trial
lawyers to skirt the intent of the law. But as far as I am concerned, I
am really pleased with the fact that they are moving legislation in the
Senate. It is a good sign that Republicans and Democrats are getting
together.
Q. May I just follow up on one point?
The President. Sure.
Q. The administration's meeting last night with Congressman
Norwood--was that in any way an effort to stall this effort on a
patients' bill of rights for now? Do you feel like anybody's trying to
steal your thunder as you're trying to talk about tax cuts?
The President. No, I don't think so, David. I know the reason why
our folks met with Charlie Norwood, like
we're meeting with other people, is to lay out our principles, is to
talk about an administrative initiative. And our initiative is going to
encompass many of the principles that are inherent in John's and
Senator Kennedy's--John McCain's and Senator Kennedy's bill. All these bills, they are
going to get worked out over time.
I just want the people in the House and the Senate to know that I'm
coming with a plan. And as you know--and you heard me in the campaign
several times talk about the fact that our legislation in Texas, our
patients' bill of rights in Texas, was a pretty strong piece of
legislation. And one of the things I am concerned about is to make sure
that the Federal Government law doesn't override what we did in our
State.
There are a lot of details to be worked out. But I am really pleased
with the progress, and I am very hopeful that we can get a patients'
bill of rights on my desk pretty soon. And the fact that, again, John
McCain and Senator Kennedy and others have come together is a good sign.
Airline Labor Disputes
Q. Are you worried about the possibility of strikes at four major
airlines, sir, and what can you do about it?
The President. I am worried about strikes at airlines. I think that
could have a harmful effect on our economy. And I would urge that the
parties settle their disputes. The President has got some
opportunities--
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if they are unable to do so--some opportunities available, and I will
explore all options. But I am concerned about it and so should America.
Africa
Q. Mr. President, it's now clear that the continent of Africa,
particularly sub-Saharan Africa, is very important to you. Colin Powell
mentioned that over the weekend. But what's unclear are the priorities
in sub-Saharan Africa. We understand that there is a problem with AIDS,
and they're a mineral-rich country. What are your priorities for Africa?
The President. You bet. Well, the priorities have got to be the same
priorities we have for our own hemisphere, for example, or for around
the world: freedom, democracy, opportunity through open markets. And so
the first place to start on the economic front is to make sure we have
free and fair trade with the African Continent. There ought to be
significant trade back and forth, and we ought to explore opportunities
to do so. If there are barriers--and some are worried about the textile
industry barriers, for example--we need to examine them all, and I will
instruct Robert Zoellick to do just that.
In terms of having a peaceful continent, it is very important for us
to work with countries like Nigeria--to enable Nigeria to have an
effective peacekeeping force, to keep warring parties apart on that
continent. It's also important for us not to ignore Africa, so that we
can anticipate problems before they occur. Oftentimes on that important
continent, things get out of hand, and they could have been prevented in
the first place, which means to have the Secretary of State and the National Security Adviser pay attention to Africa, which we will do.
Q. Are you possibly thinking of going back--going to Africa?
The President. Well, I'm--one country at a time. [Laughter] I'm
going to Mexico first. I've got a lot of work to do at home. Gregory--
David Gregory brought up a very important
issue. It reminds me about how--it should remind you about how involved
I'm going to be on pieces of legislation, whether it be patients' bill
of rights or tax relief or education reform. I've got a lot of work to
do here--to work with the Congress, to make sure that the principles
that I think are important are inherent in these different pieces of
legislation. I'll be making some trips, but I'm not exactly sure when I
would be going to Africa, for example.
Tax Relief Legislation
Q. Mr. President, what is it you think you're going to need to do to
get enough Democratic support for your tax cut plan?
The President. Say that again now?
Q. What are you going to have to do to ensure that you get enough
Democratic support for your tax cut plan to make sure that it gets down
to your desk for a signature?
The President. Well, I appreciate that. The thing I'm going to need
to do is to remind Democrats, one, our budget works--that you can set
aside payroll taxes for Social Security, set clear priorities, pay down
debt, and there's room for the $1.6 trillion tax cut. It started off at
1.3, and evidently it's grown to 1.6.
Secondly, to remind people in Congress that this tax relief package
is fair and positively affects the lives of people who are standing up
here by me. It is a positive effect on our economy.
Thirdly, remind them, we'd better act. The economy is slowing down,
and we need to act and act as quickly as we possibly can, including
working with Congress to make sure the tax cuts can take--as much of the
tax cuts as possible can take immediate effect to help people.
Q. If I could follow up, do you favor doing something retroactively,
or would you simply accelerate the benefits in the first year of your
plan?
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The President. We'll work with Congress on that. The strategy, or
the goal--let me put it to you that way--the goal is to get money in the
pockets of the working people as quickly as we can.
Note: The President spoke at 1:37 p.m. In his remarks, he referred to
Carole Segal, owner, Tree Top Toys & Books, Inc.