Video archive of the US Congress

Senate Proceeding on Sep 27th, 2010 :: 2:45:15 to 2:49:04
Total video length: 7 hours 59 minutes Stream Tools: Stream Overview | Edit Time

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Susan Collins

2:45:15 to 2:45:35( Edit History Discussion )

Susan Collins: i can't tell you how many businesses have told me that they are holding on to capital right now. they don't dare invest to create much-needed jobs because of the uncertainty of what's going to happen on tax policy.

Susan Collins

2:45:15 to 2:49:04( Edit History Discussion )
Speech By: Susan Collins

Susan Collins

2:45:36 to 2:46:00( Edit History Discussion )

Susan Collins: we know that we need to revamp our tax code. we need to make it fairer, we need to make it simpler. but for right now, the best thing we could do would be to he is tend those two laws -- would be to extend those two laws, the 2001 and 2003 tax reform laws, for an

Susan Collins

2:46:02 to 2:46:25( Edit History Discussion )

Susan Collins: additional two years to provide the certainty to businesses and to send a strong signal that we get it, that we know that we should not increase taxes in the midst of a recession. mr. president, one of the most startling conversations i had

Susan Collins

2:46:26 to 2:46:47( Edit History Discussion )

Susan Collins: during august was with a small businessman who owns a grocery store, a small community grocery store, and he told me that he had an opportunity to buy a second store in another rural maine town. and i said, well, why don't you go ahead? he said that he had the financing in place, he has the

Susan Collins

2:46:48 to 2:47:09( Edit History Discussion )

Susan Collins: capital to make the purchase, he'd like to create more jobs and to keep this small business going and serving the needs of the community. and i said again, well, why don't you just do it? interest rates are low, it seems like a good time. i said, is it the uncertainty about what's coming out of washington?

Susan Collins

2:47:10 to 2:47:30( Edit History Discussion )

Susan Collins: he said, you know, senator, it's not so much the uncertainty, it's the certainty, the certainty of higher taxes, of more regulation, of having to pay more for health insurance

Susan Collins

2:47:31 to 2:47:51( Edit History Discussion )

Susan Collins: for our -- for my employees. it's the certainty of more spending. that's what's discouraging me. so, mr. president, i hope that we could come together right now and before we go home pass a

Susan Collins

2:47:52 to 2:48:13( Edit History Discussion )

Susan Collins: two-year extension, provide some certainty that we're not going to be imposing higher taxes on the american people and our small businesses.

Susan Collins

2:48:14 to 2:48:34( Edit History Discussion )

Susan Collins: mr. president, in my remaining time, i would like to speak today about the future of the u.s. postal service. the postal service is in the midst of a dire financial cris. the data are grim. in the first three quarters of

Susan Collins

2:48:35 to 2:48:55( Edit History Discussion )

Susan Collins: fiscal year 2010, the postal service posted a net loss of $5.4 billion. by the end of this week when the fiscal year ends, i expect that that number may hit $7 billion

Susan Collins

2:48:56 to 2:49:04( Edit History Discussion )

Susan Collins: that the postal service will be in the read for this fiscal year.

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