Video archive of the US Congress

House Proceeding 10-22-09 on Oct 22nd, 2009 :: 3:05:40 to 3:07:50
Total video length: 5 hours 43 minutes Stream Tools: Stream Overview | Edit Time

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Douglas Lamborn

3:05:39 to 3:06:00( Edit History Discussion )

Douglas Lamborn: lamborn, to talk about the effects of these new taxes, surcharges and penalties on small businesses. mr. lamborn: representative, i thank you for taking this time and speaking on this important issue on the economic impact of h.r. 3200, the democrats' health care proposal here in the house.

Douglas Lamborn

3:05:40 to 3:07:50( Edit History Discussion )
Speech By: Douglas Lamborn

Douglas Lamborn

3:06:01 to 3:06:21( Edit History Discussion )

Douglas Lamborn: it's a little different than the one in the senate. but the impact it will have on small business. i remember when you and i served in the colorado legislature before you were either the secretary of state in colorado and i really knew at that time, as i think you knew with me,

Douglas Lamborn

3:06:22 to 3:06:44( Edit History Discussion )

Douglas Lamborn: that we were proponents of small business and we wanted to have lower taxes and more favorable economic environment and climate for the state of colorado so that young people would have jobs when they graduated from high school and college and we would have a strong economy. and i think as a result of that, a better quality of life.

Douglas Lamborn

3:06:45 to 3:07:05( Edit History Discussion )

Douglas Lamborn: sure enough, that with some other tax-saving kinds of measures, colorado had the best business environment in the united states. now it slipped a little bit, but wrer's still -- the latest ranking i have seen, number four in the country and that's an excellent thing and that's because we are trying to hold the line on taxes.

Douglas Lamborn

3:07:06 to 3:07:30( Edit History Discussion )

Douglas Lamborn: i'm concerned when we talk about h.r. 3200, the waxman bill for health care, that my colleagues on the other side of the aisle are promoting, that it's going to have a negative impact. for instance, house democrats pay for a portion of their health care in this bill by imposing a 2% surtax on

Douglas Lamborn

3:07:31 to 3:07:50( Edit History Discussion )

Douglas Lamborn: inviduals who earn $280,000. that's a lot of money, but keep in mind that many small businesses file as individuals. they use subchapter s type of status for their tax returns. so this is actually the income

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