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House Proceeding on Nov 4th, 2009 :: 0:03:30 to 0:06:10
Total video length: 30 minutes Stream Tools: Stream Overview | Edit Time

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Jeb Hensarling

0:03:26 to 0:03:46( Edit History Discussion )

Jeb Hensarling: go into effect in five weeks. the gentleman moved it up but i thk consumers deserve relief as i support his amendment and yield back the balance of my time. the speaker pro tempore: the gentlelady yields back the balance of her time. -- the chair: the gentleman from -- the gentlel the balance of her time.

Jeb Hensarling

0:03:30 to 0:06:10( Edit History Discussion )
Speech By: Jeb Hensarling

Jeb Hensarling

0:03:47 to 0:04:07( Edit History Discussion )

Jeb Hensarling: the gent mr. hensarling: how much time remains on each side? the chair: the gentleman from texas three minutes and the gentleman from new york has a minute and a half. mr. hensarling: thank you, mr. chairman. again, i fear that this amendment is simply going to take a bad situation and make it worse. how will all of our constituents be able again to pay for this monstrosity of a

Jeb Hensarling

0:04:08 to 0:04:28( Edit History Discussion )

Jeb Hensarling: government takeover of our health care system? one that will directly tax a number of our constituents. page 297, section 501 imposes a 2.5% tax on all individuals who do not purchase the government-approved health insurance.

Jeb Hensarling

0:04:29 to 0:04:49( Edit History Discussion )

Jeb Hensarling: 2.5%. now, again, a number of our constituents use credit cards to h expenses, to pay for their groceries, to pay for everything else and now a number of them is going to be subject to a 2.5% tax. how will this amendment help them?

Jeb Hensarling

0:04:50 to 0:05:11( Edit History Discussion )

Jeb Hensarling: new taxes on medical devices, 2.5% excise tax, which many people call the wheelchair tax. particularly, i assume that a number of seniors will be subject to this tax. i know a number of them will lie upon -- rely upon credit cards. will their credit cards ultimately be taken away from them under this legislation,

Jeb Hensarling

0:05:12 to 0:05:32( Edit History Discussion )

Jeb Hensarling: the undeying legislation takes away the ability, erodes the ability, erodes the ability to do risk-based pricing and takes us back to a era where a third fewer people had access to credit paid one universal high interest rate. the underlying legislation

Jeb Hensarling

0:05:33 to 0:05:56( Edit History Discussion )

Jeb Hensarling: takes us down that road, and the gentleman from new york's amendmengets us there to week we are going to take our constituents, congratulations, we just passed a $1.3 trillion government takeover of your health care system that you have to pay for through new taxes on individuals, new taxes on medical devices, new taxes

Jeb Hensarling

0:05:57 to 0:06:10( Edit History Discussion )

Jeb Hensarling: on sll businesses at a time whe this congress and this administration brought us the first trillion dollar defi in our nation's history, tripling the national debt, tripling the national debt in the next 10 years.

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