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House Proceeding 05-21-08 on May 21st, 2008 :: 3:22:55 to 3:25:36
Total video length: 4 hours 46 minutes Stream Tools: Stream Overview | Edit Time

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Jim McDermott

3:22:43 to 3:22:55( Edit History Discussion )

Jim McDermott: from new jersey, mr. pascrell, two minutes. the speaker pro tempore: the gentleman from new jersey is recognized for two minutes. mr. pascrell: thank you, mr. speaker. i have a great deal of affection

Bill Jr.Pascrell

3:22:55 to 3:23:15( Edit History Discussion )

Bill Jr.Pascrell: and i have a great deal of respect for the ranking member on the other side, but you are dead wrong on this. first of all you talk about this side of the aisle not being able to pass a.m.t.

Bill Jr.Pascrell

3:22:55 to 3:25:36( Edit History Discussion )
Speech By: Bill Jr.Pascrell

Bill Jr.Pascrell

3:23:15 to 3:23:29( Edit History Discussion )

Bill Jr.Pascrell: we did pass legislation and your side sunk it. the alternative minimum tax would be gone. it would be abolished. there would be nada there. my friends on the other side of the aisle are determined

Bill Jr.Pascrell

3:23:29 to 3:23:41( Edit History Discussion )

Bill Jr.Pascrell: not to support this legislation. it should be be noted that entities such as goldman sachs, these are not most of the time our friends, bank of america, caterpillar, ford, prudential

Bill Jr.Pascrell

3:23:41 to 3:23:55( Edit History Discussion )

Bill Jr.Pascrell: disagree with you and they publicly support the legislation. connect the dots here. after all a number of important provisions such as the critical research and development credit, the election

Bill Jr.Pascrell

3:23:55 to 3:24:09( Edit History Discussion )

Bill Jr.Pascrell: to deduct state and local general tax, sales tax, the 15-year straightline cost recovery for qualified lease hold improvements. in the election to expense brownfields environmental remediation, costs have

Bill Jr.Pascrell

3:24:09 to 3:24:22( Edit History Discussion )

Bill Jr.Pascrell: already expired. these provisions are so important to american businesses and consumers in the time to renew them is now. there are a wide array of important provisions here from renewable

Bill Jr.Pascrell

3:24:22 to 3:24:34( Edit History Discussion )

Bill Jr.Pascrell: energy, incentives to middle class tax cuts. i want to add how grateful we should all be to chairman rangel for his decision to include a one-year extension on the active financing roles critical

Bill Jr.Pascrell

3:24:34 to 3:24:46( Edit History Discussion )

Bill Jr.Pascrell: to global competitiveness of u.s. financial services and companies. those companies in this country that export are at a tremendous disadvantage. we are not playing on a level playing field. active

Bill Jr.Pascrell

3:24:46 to 3:25:02( Edit History Discussion )

Bill Jr.Pascrell: financing rules provide american companies with level playing field necessary to compete in the global marketplace. most other countries don't try to extract any taxes on its companies, foreign

Bill Jr.Pascrell

3:25:02 to 3:25:12( Edit History Discussion )

Bill Jr.Pascrell: based operations. subjecting our businesses -- the speaker pro tempore: the gentleman's time has expired. the gentleman from louisiana. 10 seconds. the gentleman from new jersey is recognized

Bill Jr.Pascrell

3:25:12 to 3:25:24( Edit History Discussion )

Bill Jr.Pascrell: for 10 seconds. mr. pascrell: subjecting our businesses to both foreign and american corporate taxes puts them at a competitive disadvantage. and i would add this in conclusion, these are the

Bill Jr.Pascrell

3:25:24 to 3:25:36( Edit History Discussion )

Bill Jr.Pascrell: kind of actions that will help create fair trade in america. the speaker pro tempore: the gentleman's time has expired. the gentleman from louisiana. mr. mccrery: breek, -- mr. speaker, in fact i

Jim McCrery

3:25:36 to 3:25:49( Edit History Discussion )

Jim McCrery: agree with much of what the gentleman just said. i'm happy to hear him endorse many provisions that we i think wisely put into the jobs bill several years ago when we were in the majority.

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