Video archive of the US Congress

House Proceeding 03-23-10 on Mar 23rd, 2010 :: 0:18:05 to 0:21:25
Total video length: 1 hours 3 minutes Stream Tools: Stream Overview | Edit Time

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David G. Reichert

0:18:01 to 0:18:22( Edit History Discussion )

David G. Reichert: one more year. the manager's amendment and bill will indeed extend this program. i strongly support the manager's amendment. thank you. i yield back. the speaker pro tempore: the gentleman from california reserves. the gentleman from florida. mr. diaz-balart: madam speaker, it's my privilege to yield three minutes to my friend from washington, mr. reichert. the speaker pro tempore: the gentleman from washington is recognized for three minutes. mr. reichert: thank you. i thank the gentleman for

David G. Reichert

0:18:05 to 0:21:25( Edit History Discussion )
Speech By: David G. Reichert

David G. Reichert

0:18:23 to 0:18:43( Edit History Discussion )

David G. Reichert: yielding and thank you, madam speaker. well, at least today we're talking about incentives for small businesses. that's a start. people are still asking, where are the jobs? we are still at close to 10% unemployment. small businesses, think,

David G. Reichert

0:18:44 to 0:19:04( Edit History Discussion )

David G. Reichert: everyone knows is responsible for over 80% of our jobs in this country. and i'm standing here today because sterday i submitted two amendments. in fact, this is the second time i've submitted these amendments. the first time was in the ways

David G. Reichert

0:19:05 to 0:19:25( Edit History Discussion )

David G. Reichert: and means committee asking for the current tax laws governing small businesses, the capital gains tax and other tax it is on small businesses to stay the same, to not go up. but come january capital gains

David G. Reichert

0:19:26 to 0:19:46( Edit History Discussion )

David G. Reichert: tax will increase by over 20%. we are going to ask businesses to try and hire new employees under a heavy burden of taxes. so we're talking about a bill that's $15 billion of incentives, limited incentives hours after we've slapped them with hundreds of billions of

David G. Reichert

0:19:47 to 0:20:09( Edit History Discussion )

David G. Reichert: dollars of tax increases under a health overhaul bill. 3.8% investment tax. other penalties, if you don't provide man indicated tax -- mandated tax health care, this doesn't include the $588 billion in other tax hikes coming in december with -- when the current tax rates expire.

David G. Reichert

0:20:10 to 0:20:30( Edit History Discussion )

David G. Reichert: because of that, 1/3 of al businesses and their activity would be taxed more. raising taxes is the last thing we should be doing to small businesses. where are the jobs, people keep asking. and i have to say i'm disappointed that my amendments weren't accepted in the ways and mes committee. they were voted down.

David G. Reichert

0:20:31 to 0:20:51( Edit History Discussion )

David G. Reichert: i am disappointed that they were once again voted down last night in the rules committee. the last thing we should be doing to raising taxes. the last thing that congress should be doing is raising taxes. small businesses today need certainty about what's going to be happening to them in the

David G. Reichert

0:20:52 to 0:21:12( Edit History Discussion )

David G. Reichert: future. small businesses today want to hire employees but they can't hire employees because they're being taxed too much. i think we have one question in this congress to ask and that is, do we want to raise taxes on small businesses or do we

David G. Reichert

0:21:13 to 0:21:26( Edit History Discussion )

David G. Reichert: want to help small businesses by keeping their tax burdens low? i'm one of those that stand up and say, i want to keep the tax burdens on small businesses low so they can hire employees, so we can generate jobs, so we can

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