Video archive of the US Congress

House Proceeding 03-04-10 on Mar 4th, 2010 :: 0:01:55 to 0:10:30
Total video length: 1 hours 9 minutes Stream Tools: Stream Overview | Edit Time

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Doris O. Matsui

0:01:49 to 0:02:09( Edit History Discussion )

Doris O. Matsui: i yield myself such time as i may consume. the speaker pro tempore: the gentlewoman from california is recognized. ms. matsui: i also ask unanimous consent that all members may have five legislative days to revise and extend their remarks on house resolution 1137. thspeaker pro tempore: without objection, so ordered. ms. matsui: madam speaker, house solution 1137 provides

Doris O. Matsui

0:01:55 to 0:10:30( Edit History Discussion )
Speech By: Doris O. Matsui

Doris O. Matsui

0:02:10 to 0:02:30( Edit History Discussion )

Doris O. Matsui: for consideration of the senate amendment to h.r. 2847, the hiring and census -- snevers to restore employment act. the rule makes in order a motion offered by the chair of the committee on ways and means or his designee that the house concur in the senate amendment to the house amendment to the senate amendment with the amendment printed in the report

Doris O. Matsui

0:02:31 to 0:02:51( Edit History Discussion )

Doris O. Matsui: of the committee on rules accompanying this resolution. the rule waives all points of order against consideration of the motion except those arising under clause 10 of rule 21. the rule provides that the senate amendment and the motion shall be considered as read. the rule provides one hour of debate on the motion equally

Doris O. Matsui

0:02:52 to 0:03:12( Edit History Discussion )

Doris O. Matsui: divided and controlled by the chair and ranking minority member of the committee on ways and means. madam speaker, in today's economy many families are struggling to make ends meet. as we know, the economic recession began in 2008 as a direct result of reckless and irresponsible financial decisions.

Doris O. Matsui

0:03:13 to 0:03:35( Edit History Discussion )

Doris O. Matsui: we are still dealing with the wreckage today. overhe last few years i have heard countless stories of people struggling to put food on the table, pay their mortgages, and provide for their children. and millions of american seniors are making decisions every day to skip meals or cut their pills in lf just to survive.

Doris O. Matsui

0:03:36 to 0:03:57( Edit History Discussion )

Doris O. Matsui: california and in particular my constituents in sacramento have been greatly impacted by this economic crisis. many of my constituents were and continue to be victims of predatory home loan lending, unfair credit card practices, payday loans, and other forms of unscrupulous business practices. they turn to congress for help

Doris O. Matsui

0:03:58 to 0:04:18( Edit History Discussion )

Doris O. Matsui: and we responded with the card act. and ink was hardly dry on that regulation before credit card companies tried to find loopholes to arbitrarily raise credit card interest rates and fees on consumers. this congress also passed the wall street reform and consumer protection act which will bring much needed oversight and accountability to wall street.

Doris O. Matsui

0:04:19 to 0:04:39( Edit History Discussion )

Doris O. Matsui: this bill also creates a new consumer financial protecon agency to protect consumers from unpair and deceptive financial practices. meanwhile, small businesses are seeking assistance to help make payroll, retain their employees, and pay for the skyrocketing costs of health insurance. these other reasons why it is time to once again put the

Doris O. Matsui

0:04:40 to 0:05:01( Edit History Discussion )

Doris O. Matsui: american people first and provide them with the support they need from their representatives in congress. we need to pass the jobs bill before us today as a significant step towards helping hardworking americans get back to work. the american people are hurting and the top priority of this

Doris O. Matsui

0:05:02 to 0:05:22( Edit History Discussion )

Doris O. Matsui: administration and this congress must be jobs, jobs, jobs. in december the house passed a jobs package. the jobs for main street act that would make $156 billion in targeted investments in our economy. the project supported by this bill will improve our highways and transit infrastructure,

Doris O. Matsui

0:05:23 to 0:05:44( Edit History Discussion )

Doris O. Matsui: renovate schools, and help small businesses rebuild, support job training initiatives, and affordable housing programs. while the jobs package we are considering today is not as broad as the version passed by this house, it is an important step in the right direction and one we cannot afford not to enact.

Doris O. Matsui

0:05:45 to 0:06:07( Edit History Discussion )

Doris O. Matsui: today's bill is one that i hope will be the first of a series of job creation proposals that we will consider in the coming weeks and months. because the reality is that the unemployment rate in this country is at an unacceptable level of 9.7% andhis bill will help incentivize employers to start hiring immediately.

Doris O. Matsui

0:06:08 to 0:06:31( Edit History Discussion )

Doris O. Matsui: already the recovery act put forth by congressional democrats has saved or created more than two million jobs. that is according to c.b.o. the recovery act has clearly helped us rebound from this recession and saved us from the brink of another great depression. the recovery act has greatly benefited my district and the entire sacramento region, providing almost $700 million

Doris O. Matsui

0:06:32 to 0:06:54( Edit History Discussion )

Doris O. Matsui: for dozens of projects. such projects include $21 million for improving and enhancing sacramento's levees for flood protection. lub pick transportation facilities. developing clean energy technology. and hiring 30 new officers at the act police department. it is also helping struggling homeowners avoid foreclosure,

Doris O. Matsui

0:06:55 to 0:07:15( Edit History Discussion )

Doris O. Matsui: and the list goes on and on. in my constituents can see where and how every dollar is being spent in our district by visiting my website. one of the most important results of the recovery act is that it helps school districts minimize budget cuts. however as the economy declines, school districts are now considering shorter school

Doris O. Matsui

0:07:16 to 0:07:36( Edit History Discussion )

Doris O. Matsui: years, larger class sizes, and looking to lay off teachers. we cannot let this happen. and so our path towards economic recovery must continue to invest in our nation's work force to spur additional job creation, innovation, and long-term economic growth. and by supporting the rule and the underlying bill, we will do just that.

Doris O. Matsui

0:07:37 to 0:07:57( Edit History Discussion )

Doris O. Matsui: i have heard from small business owners who are eager to be connected to business counseling resources to learn more about financing opportunities, s.b.a. an products, and government contraing opportunities. there is a great demand for immediate and real assistance for our small businesses to get back on their feet and for workers to get back into labor

Doris O. Matsui

0:07:58 to 0:08:18( Edit History Discussion )

Doris O. Matsui: markets. over the last few months, i have helped two small business work -- held two small business workshops to help existing small business owners understand the recovery leslation, obtain financing, d find new opportunities through government programs. and i have seen firsthand how eager people are to start working again or get retrained

Doris O. Matsui

0:08:19 to 0:08:39( Edit History Discussion )

Doris O. Matsui: in new fields and take an active part in our country's economic recovery. the proposal before us today offers a key strategy -- strategic tax incentive for employees to hire new workers. the proposal would exempt employers fm paying social security taxes through the end of this year for hiring new workers who have been out of

Doris O. Matsui

0:08:40 to 0:09:00( Edit History Discussion )

Doris O. Matsui: work for at least 60 days. if the newly hired workers remain on the payroll for at least a year, the bill provides an additional $1,000 income tax credit to employers. this n hiring tax credit could spur as many as 250,000 jobs according to leading economists. to help small businesses, the

Doris O. Matsui

0:09:01 to 0:09:21( Edit History Discussion )

Doris O. Matsui: proposal offers an immediate write off, up to $250,000 for equipment purchased this year. to invest in additional transportation infrastructure, the proposal extends the highway trust fund, otherwise known as safetea-lu, for 15 months to pay for transportation projects ready to break ground.

Doris O. Matsui

0:09:22 to 0:09:42( Edit History Discussion )

Doris O. Matsui: using the rule of thumb in highway contracting for every $1 billion in transportation spending creates about 35,000 jobs, this $77 billion investment means more than two million jobs will be retained or created. including high quality jobs in the construction and building trade.

Doris O. Matsui

0:09:43 to 0:10:04( Edit History Discussion )

Doris O. Matsui: finally, the bill expands the build america bond program to allow investors to claim subsidies, up to 45% of the borrowing costs, for bond issued for public works projects. there is no doubt that this package will incentivize and spur much needed job creation, economic growth in our neighborhood and communities.

Doris O. Matsui

0:10:05 to 0:10:26( Edit History Discussion )

Doris O. Matsui: and to my colleagues, concerned as i am at this bill does not go far enough to create jobs, i want to be clear that this is the first in a series of steps we'll be taking to continue to get the economy back on track. . with the together with

Doris O. Matsui

0:10:27 to 0:10:31( Edit History Discussion )

Doris O. Matsui: the economic assistance, we'll continue with future economic growth to lead us toward prosperity.

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