Video archive of the US Congress

House Proceeding on May 12th, 2009 :: 0:06:40 to 0:11:55
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Virginia Foxx

0:06:36 to 0:06:58( Edit History Discussion )

Virginia Foxx: troubled assets. they are clearly subject to this code section. but on if for some reason the preferred stock wasn't within the -- wasn't part of troubled asset, then the purchase wasn't legal to begin with because the only code section in the bailout bill that allows for

Virginia Foxx

0:06:40 to 0:11:55( Edit History Discussion )
Speech By: Virginia Foxx

Virginia Foxx

0:06:59 to 0:07:19( Edit History Discussion )

Virginia Foxx: that purchase is section 101-a-1 which authorizes only the purchase of troubled assets. make sure when we get back the money it's not a revolving fund. to pay off the national debt. i yield back. the speaker pro tempore: the gentleman yields back. for what purpose does the gentlewoman from north carolina

Virginia Foxx

0:07:20 to 0:07:41( Edit History Discussion )

Virginia Foxx: rise? ms. foxx: permission to address the house for five speaker. the gentlewoman is recognized, ms. foxx from north carolina. ms. foxx: thank you, mr. speaker. the speaker pro tempore: for five minutes. ms. foxx: thank you, mr. speaker. americans are very concerned about our economy right now, and one of the things that gives them a lot of concern is

Virginia Foxx

0:07:42 to 0:08:04( Edit History Discussion )

Virginia Foxx: where we are in terms of price for energy. we have a group, the republicans do, called the american energy solutions grp that has been working on this issue, and i want to share some information that they have put together. republicans, despite what our colleagues on the other side have said, have alternatives to

Virginia Foxx

0:08:05 to 0:08:26( Edit History Discussion )

Virginia Foxx: the problems that we're facing in this country, but often these alternatives are not getting the attention from the majority party they deserve. despite the president's campaign promise not to raise taxes on 95% of americans, his energy plan is nothing more than a $646 billion national energy tax on every american family and small business.

Virginia Foxx

0:08:27 to 0:08:49( Edit History Discussion )

Virginia Foxx: as families and businesses struggle in these difficult times, it's unconscionable to make the pain worse by forcing taxpayers to pay ever-higher energy bills. the president's energy plan will force family energy costs to rise by more than $3,100 per year and will pull $860 billion out of family budgets and put it into the federal budget.

Virginia Foxx

0:08:50 to 0:09:11( Edit History Discussion )

Virginia Foxx: and this is being optimistic. the nonpartisan congressional budget office estimates the real costs to be as high as $3 trillion over the next 10 years. that means $1,000 in energy tax hikes for every man, woman and child. the prident's own budget director, peter orszag says that tax on carbon emissions

Virginia Foxx

0:09:12 to 0:09:32( Edit History Discussion )

Virginia Foxx: would, quote, impose costs on the economy, end quote, and that consumers will pay these costs through higher energy prices. the president himself has admitted that his plan will cause energy prices to skyrocket. the poor will be hit the hardest by this national energy tax. experts agree that poor families spend a larger portion of their income on energy

Virginia Foxx

0:09:33 to 0:09:55( Edit History Discussion )

Virginia Foxx: costs. not even the president's mest make work pay tax credits will cover the high energy costs that will be forced on american families. instead of providing solutions to keep energy costs low, the president and democrats in washington are proposing a national energy tax that will hit every rker, family and business across our country. republicans support helping

Virginia Foxx

0:09:56 to 0:10:16( Edit History Discussion )

Virginia Foxx: american families through these difficult times through immediate tax relief, not increased taxes. since the current economic recession began in december of 2007, when the democrats in charge of congress, more than five million jobs have been lost. yet the president proposes an energy plan that could result

Virginia Foxx

0:10:17 to 0:10:38( Edit History Discussion )

Virginia Foxx: anywhere between 1.8 million and seven million additional jobs being lost. the only jobs that are going to be created are for more government bureaucrats. republicans support keeping energy prices low at home and at the pump through american energy by american workers. instead of creating american energy made by american workers, the president's energy

Virginia Foxx

0:10:39 to 0:11:00( Edit History Discussion )

Virginia Foxx: plan keeps us dependent on foreign oil. republicans support more american-made energy through the creation of new and renewable energy sources, conservation and more domestic energy production. giving amerin workers the resources to create american-made energy will keep the cost of energy low for american consumers.

Virginia Foxx

0:11:01 to 0:11:22( Edit History Discussion )

Virginia Foxx: the president and the democrat-controlled congress are using this economic crisis as an opportunity to force dramatic change on the american people. as the president's own chief of staff said, quote, you never let a crisis go to waste, end quote. as robert samuelson noted in march, the president says he's focused on the economy. quote, but he's also using the

Virginia Foxx

0:11:23 to 0:11:43( Edit History Discussion )

Virginia Foxx: crisis to advance an ambitious long-term agenda, end quote. one thing is certain, it's an agenda that will lead to more taxes, fewer jobs and less energy. the republicans ha an alternative. it's called all of the above. we should develop all the resources that we have in the united states, we should conser, we should look for

Virginia Foxx

0:11:44 to 0:11:55( Edit History Discussion )

Virginia Foxx: alternatives, and we should use this opportunity to create more jobs and grow the economy, not kill jobs and slow the economy down even more. mr. speaker, we needhe

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