House Proceeding 04-06-06 on Apr 6th, 2006 :: 4:48:24 to 4:50:23
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4:48:11 to 4:48:24( Edit History Discussion )

Ben Chandler: tax committee, the conference may very well bring out a report that could increase the deficit by another $80 billion. enough is enough. let's make a commitment to america's future. let's

4:48:24 to 4:48:35( Edit History Discussion )

Benjamin L. Cardin: recognize how dangerous this deficit is to america's future. let's understand that in order to pay our bills we have to ask foreign governments to buy our bonds, governments that don't

4:48:24 to 4:50:23( Edit History Discussion )
Speech By: Benjamin L. Cardin

4:48:35 to 4:48:46( Edit History Discussion )

agree of our foreign policy, who buy our bonds not because it's a good investment but because they want to make sure that the he can change rate between their currency and ours is favorable

4:48:46 to 4:49:02( Edit History Discussion )

Benjamin L. Cardin: so they can send more product into america, taking more jobs away from america. yes, this is a matter of national security, and that's why this motion that speaks to this bill that could

4:49:02 to 4:49:15( Edit History Discussion )

Benjamin L. Cardin: make the circumstances much worse, let's tell our conferees not to do that. . the second part of the motion to instruct deals with two very important tax credits that are scheduled to expire.

4:49:15 to 4:49:29( Edit History Discussion )

Benjamin L. Cardin: one is the savers credit. the other deals with the r expnch d credit -- r&d credit. now, i mention both of those because it's important that we deal with these two credits that are scheduled

4:49:29 to 4:49:41( Edit History Discussion )

Benjamin L. Cardin: to expire. my motion tells us to take the longer period that the other body agreed to. let's extend for three years the savers credit. i want to make it permanent, but at least let's make it

4:49:41 to 4:49:56( Edit History Discussion )

Benjamin L. Cardin: permanent and the r&d that allows businesses to reinvest and create jobs, we should make it permanent. let's at least make it two. mr. speaker, let me tell you my fear. i would urge my colleagues

4:49:56 to 4:50:07( Edit History Discussion )

Benjamin L. Cardin: to support this motion. let me tell you my concern. the concord coalition is admonishing us that they believe that we will about be using -- we will be using keeping these politically popular

4:50:07 to 4:50:23( Edit History Discussion )

Benjamin L. Cardin: tax cuts hostage to new legislation, that it won't even be in this legislation, in this conference. instead, we're going to put it in another bill to make even the deficit greater. this should

4:50:23 to 4:50:39( Edit History Discussion )

Ben Chandler: be our priority, extending these tax credits. and this may be our last opportunity to speak to that. so i urge my colleagues who profess to support the savers credit and the r&d credit to