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House Proceeding 03-24-10 on Mar 24th, 2010 :: 0:48:55 to 0:51:15
Total video length: 1 hours 55 minutes Stream Tools: Stream Overview | Edit Time

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Charles W. Jr.Boustany

0:48:42 to 0:49:02( Edit History Discussion )

Charles W. Jr.Boustany: this bill. the speaker pro tempore: the gentleman from michigan's recognized. mr. camp: do you know how much time there is? the speaker pro tempore: the gentleman, mr. levin from michigan, has 13 1/2. the gentleman from michigan, mr. camp, also has 13 1/2. the gentleman from michigan, mr. camp. mr. camp: thank you, madam speaker. at this time i yield two minutes to a distinguished

Charles W. Jr.Boustany

0:48:55 to 0:51:15( Edit History Discussion )
Speech By: Charles W. Jr.Boustany

Charles W. Jr.Boustany

0:49:03 to 0:49:26( Edit History Discussion )

Charles W. Jr.Boustany: member of the ways and means committee, dr. boustany of louisiana. the speaker pro tempore: the gentleman from louisiana is recognized for two minutes. mr. boustany: thank you, madam speaker. and i thank ranking member camp for yielding time. you know, we're talking about jobs, and this bill purports to be a job creation bill, but i have deep -- i have deep reservations about one of the pay-fors in the bill. it's in section 301.

Charles W. Jr.Boustany

0:49:27 to 0:49:47( Edit History Discussion )

Charles W. Jr.Boustany: it raises $7.7 billion in taxes. and where do they taxes come from? where does this tax increase come from? well, it comes from u.s. companies who happen to be headquartered overseas. now, what does that mean? these are companies that employ u.s. workers. these are companies that are in every one of our communities that also stimulate business

Charles W. Jr.Boustany

0:49:48 to 0:50:08( Edit History Discussion )

Charles W. Jr.Boustany: activity that help create jobs in other businesses that affiliate with these and do business with them. so what are we doing here? we're basically hurting job growth, u.s. job growth. we're hurting u.s. workers. furthermore, these -- this provision would basically

Charles W. Jr.Boustany

0:50:09 to 0:50:29( Edit History Discussion )

Charles W. Jr.Boustany: abrogate some 60 bilateral tax treaties that we currently have. we know the senate has opposed these types of provisions in the past, so why are we doing this? secondly, i'd like to mention that during the course of the hearing we had the deputy assistant secretary for tax policy and said this was not

Charles W. Jr.Boustany

0:50:30 to 0:50:50( Edit History Discussion )

Charles W. Jr.Boustany: the preferred approach of the administration. and also expressed concerns that this could invite retaliation upon u.s. companies doing business overas further hurting u.s. jobs. now, if we're going to create jobs, let's try to get sensible about this and make sure that our tax policy is coordinated

Charles W. Jr.Boustany

0:50:51 to 0:51:11( Edit History Discussion )

Charles W. Jr.Boustany: with trying to create jobs. what do we know about these jobs in the u.s by these u.s. companies who happen to be headquartered overseas? well, they pay better wages. in fact, their compensation packages are roughly 1/3 more. these are high-skilled jobs. why on the one hand do we say we want to create jobs and on

Charles W. Jr.Boustany

0:51:12 to 0:51:15( Edit History Discussion )

Charles W. Jr.Boustany: the other hand focus on policies that will kill jobs?

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