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March 19, 2009

March 19, 2009. HR 1586 would tax 90 percent of the bonuses that push an executive’s earnings above $250,000 IF his company has received more than $5 billion in federal bailout funds.

I reluctantly supported HR 1586 for a simple and singular reason: it will stop or slow the corporate bailouts that are bankrupting our country.

March 17, 2009
Speeches

House Chamber, Washington, D.C. March 17, 2009. M. Speaker: I have been asked to present more than 6,000 postcards generated by the Armstrong and Getty radio show to protest policies that can best be described by the new bumper sticker, “Honk if you’re paying my mortgage,” or today’s reprise, “Honk if you’re paying AIG’s bonuses.”

Rick Santelli of CNBC struck a nerve last month when he asked, “How many of you want to pay for your neighbor’s mortgage who has an extra bathroom and can’t pay their bills?”

Issues:Fiscal and Economic
March 12, 2009
Speeches

House Chamber, Washington, D.C. March 12, 2009. Mr. Speaker: Many people were quite relieved when President Obama promised to reduce taxes on 95 percent of Americans.

Last week, the President introduced his new budget that depends on a staggering tax increase of $1.4 trillion over the next ten years. If that fell on all of us, it would come to nearly $15,000 on an average family of four – or $1,500 per year out of that family’s paychecks.
So what a relief to hear the President’s assurances that it’s only going to be a tax on the rich.

Issues:Fiscal and Economic
March 9, 2009
Speeches

Heartland Institute, New York, New York, March 9, 2009. I must admit to being a little nervous to accept your kind invitation to come to New York to discuss global warming. I remember that it was right here in this city a year and a half ago that no less an authority than Robert F. Kennedy Jr. said that those of us who still have some questions over their theories of man-made global warming are “liars,” “crooks,” “corporate toadies,” “flat-earthers” and then he made this remarkable statement: “This is treason and we need to start treating them now as traitors.”

Issues:Government Regulation
March 9, 2009
Speeches

House Chamber, Washington DC. March 9, 2009. Perhaps only one generation in a century is fortunate enough to actually know a truly great leader – and ours was that generation. But our children and their children will know him too, through the power of his words and the force of his ideas – his undying faith in freedom and his eternal belief in America. And they will know him – and know him well – because our generation will make sure of it.

March 9, 2009
Speeches

House Chamber, Washington, D.C., March 9, 2009. M. Speaker: I rise to honor the memory of Dr. Gregory Freydman of California.

Dr. Freydman spent most of his life seeking freedom for his family, and finally fulfilled that dream at the age of 72 when he legally immigrated to the United States from the Soviet Union. He had been a renowned oncologist there and had risked his livelihood and his liberty to speak out against Soviet abuses.

March 6, 2009
Speeches

House Chamber, Washington, D.C. March 6, 2009. M. Speaker:

I rise today in tribute to Rev. Wadahawa Singh Gill, who passed away last week at the age of 87.

For many years, Rev. Gill was the spiritual leader of the Sikh community in Northern California. He was an amazing man who not only ministered to the more than 100,000 Sikh faithful in the Sacramento region, he made himself a bridge between the Sikh community and the general public.

March 6, 2009
Speeches

House Chamber, Washington, D.C.
March 5, 2009

Mr. Speaker:

We have all heard a great deal of rhetoric blaming the Bush administration for the nation’s economic woes, and I actually rise to join that chorus.

We all are painfully aware that the Bush administration increased spending twice as fast as it did under Bill Clinton. The Bush administration added $160 billion to the deficit through tax transfers with its first stimulus bill a year ago – despite warnings that it would do nothing to stimulate the economy. It didn’t.

Issues:Fiscal and Economic
March 3, 2009
Speeches

House Chamber, Washington, D.C.
March 3, 2009


M. Speaker:

The Laffer Curve is a simple but elegant method of demonstrating how increasing taxes reduces economic productivity until a point of equilibrium is reached when further tax hikes actually reduce revenue.

If the tax rate is zero, tax revenues are zero. But if the tax rate is 100 percent, tax revenues also reach zero, because there’s no point in working.

Issues:Fiscal and Economic