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Senate Proceeding on Sep 27th, 2010 :: 6:46:15 to 6:52:40
Total video length: 7 hours 59 minutes Stream Tools: Stream Overview | Edit Time

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Sherrod Brown

6:46:11 to 6:46:31( Edit History Discussion )

Sherrod Brown: i respect the people that spoke prior to me. you know, being, you know, here and being in this historic chamber, are you kidding me? i mean, to be part of this process, it's like the greatest honor in the world. aside from my marriage and the birth of my kids, this is it. ask to think we're wasting this

Sherrod Brown

6:46:15 to 6:52:40( Edit History Discussion )
Speech By: Sherrod Brown

Sherrod Brown

6:46:32 to 6:46:54( Edit History Discussion )

Sherrod Brown: amazing opportunity, this amazing opportunity to -- to get our country competive again and to get us firing on all cylinders, you can't tell me we can't find one thing to agree on on, the leaders can't get together and find one thing? take the energy bill. you're telling me we can't do one thing, just take the easiest thing that everybody agrees on

Sherrod Brown

6:46:55 to 6:47:15( Edit History Discussion )

Sherrod Brown: and do one think, make it clean and get it through and send it over to the house and make sure it comes clean and not filled with a substitution bill and comes back clean? can we do one thing, just one? am i the only one that believes this? you know, and i get that, you

Sherrod Brown

6:47:16 to 6:47:37( Edit History Discussion )

Sherrod Brown: know, the bill on the floor tonight is -- is -- is important to the majority party and i respect that, i really do. i guess it. and pollsters, you know, if you listen to them, and i tend to not, when they talk about companies that ship jobs

Sherrod Brown

6:47:38 to 6:47:58( Edit History Discussion )

Sherrod Brown: overseas, i get that too, i understand that's bad. it's what's in play now. and if we just change this one thing and not change and reduce the corporate tax rate to make them have an incentive to -- to stay, it's not going to work. i believe without a doubt that

Sherrod Brown

6:47:59 to 6:48:19( Edit History Discussion )

Sherrod Brown: this bill will cause real harm to the economy and that job creators are united in their opposition to this legislation. un, i guess it -- i guess it's bad to make money in america, to pay the bills, you know.

Sherrod Brown

6:48:20 to 6:48:40( Edit History Discussion )

Sherrod Brown: i'm in favor of corporations making money. i'm in favor of the employees making money. i'm in favor of -- of free trade and free enterprise. i'm also in favor of government regulation. it has its place. but the government needs to know when to get out of the way, too, and stop overregulating. there is a role for government, absolutely.

Sherrod Brown

6:48:41 to 6:49:01( Edit History Discussion )

Sherrod Brown: but government needs to know when to get out of the way, to let free enterprise, free market. you can't regulate every single thing. just can't do it. and i've gone around, i've tried to do my research. as i said, i have to, and the major employers in massachusetts that i've talked to -- and we

Sherrod Brown

6:49:02 to 6:49:23( Edit History Discussion )

Sherrod Brown: have a tremendous amount, thank goodness -- they're not hiring but they're there. they're not going to expand because of health care and regulation and taxation and the uncertainty of the business world. i remember, i read it or i heard it, senator baucus, chairman of the finance committee, said that he was worried that the bill would put the united states at a competitive disadvantage.

Sherrod Brown

6:49:24 to 6:49:44( Edit History Discussion )

Sherrod Brown: those rdz are hit, not -- those words are his, not mine. this bill puts the united states at a competitive disadvantage. i believe that in my heart. and again, echoing his words, this bill will make america and its multinational companies less competitive. so it's not just republicans sounding the alarm. my colleague, who i have great

Sherrod Brown

6:49:45 to 6:50:05( Edit History Discussion )

Sherrod Brown: respect for on the other side of the aisle, you know, is questioning also the wisdom of this legislation. having the second highest corporate tax rate -- i noticed my colleagues that spoke earlier, they said, well, you know, i don't want to

Sherrod Brown

6:50:06 to 6:50:26( Edit History Discussion )

Sherrod Brown: characterize how they speak -- excuse me. but the companies that are going overseas are, yes, they're taking advantage of the lower tax rates, absolutely. but you would have -- you would believe just in listening to them that they're also lower labor costs as well. yes, and in some counties,

Sherrod Brown

6:50:27 to 6:50:47( Edit History Discussion )

Sherrod Brown: that's absolutely true. but in places like belgium and ireland, i respectfully disagree. companies are going there to get a good, solid work force, paying good wages but taking advantage of the, like, 11%, 12% corporate tax rate versus, you know, i think it's, what, 26%? 25%, i'm sorry. 25% corporate tax rate. 35%.

Sherrod Brown

6:50:48 to 6:51:08( Edit History Discussion )

Sherrod Brown: geez, i'm sorry, a little a little under the weather. i apologize. so we -- i will correct that in the record. but i'm fading a little but i had to take exception to that statement that everybody's going overseas to take advantage of the tax rates. well, yeah. this is a global economy. this is -- this is -- we're

Sherrod Brown

6:51:09 to 6:51:29( Edit History Discussion )

Sherrod Brown: fighting a battle here and when china can do the things that they're doing and basically, you know, provide -- let's just step back. so rember back, i rember growing up and you look at space exploration, roads and bridges, and teachers and, you know, all that r&d tax credit money, all

Sherrod Brown

6:51:30 to 6:51:52( Edit History Discussion )

Sherrod Brown: that great stuff that we would use to lure businesses from other parts of the world here. wrun that is now? it's all debt -- do you know where that is now? it's all debt service to china. it's all debt service to china. and so when you see and when i speak to the companies back home in massachusetts and they say,

Sherrod Brown

6:51:53 to 6:52:13( Edit History Discussion )

Sherrod Brown: you know, we need a, b, c and d, i'm, like, we've got no money. it's all in debt service to china right now. love to give it to you. so how do we get our financial situation moving forward? we're not going to do it by having the tax cuts expire. we need to address the tax extenders. we can't just play games and push it off and push it off.

Sherrod Brown

6:52:14 to 6:52:34( Edit History Discussion )

Sherrod Brown: how about the death tax? oh, my god. how many billionaires have died and we haven't gotten a penny? i mean, you know, good for them. you know, one over on the government. but is it good for -- for the federal government to just not get a piece? i'm all for, you know, people getting -- you know, getting money, but we have to -- we

Sherrod Brown

6:52:35 to 6:52:40( Edit History Discussion )

Sherrod Brown: haven't even addressed the death tax. and i remember when i first caucused when i went in, we were talking about it. the second caulk, the third

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