House Proceeding 04-06-06 on Apr 6th, 2006 :: 5:34:02 to 5:36:54
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5:33:45 to 5:34:02( Edit History Discussion )

Ben Chandler: policies. i think this debt is very dangerous, and i want to change direction. let me also just say to my friend from pennsylvania, words have consequences, so please be careful of the words that

5:34:02 to 5:34:17( Edit History Discussion )

Benjamin L. Cardin: we use in this body. we have a responsibility. . you're using that because we don't extend in our motion a tax provision that will exspire in 2008. well, mr. english, i could say that you're

5:34:02 to 5:36:54( Edit History Discussion )
Speech By: Benjamin L. Cardin

5:34:17 to 5:34:30( Edit History Discussion )

Benjamin L. Cardin: raising taxes by going against it because you're only extending the r&d credit until 2007. i would acknowledge to you that would be a wrong thing for me to say. but please be careful with the

5:34:30 to 5:34:45( Edit History Discussion )

Benjamin L. Cardin: language you use. you know that -- you know that this motion does not increase taxes whatsoever. the question was asked, what is the appropriate level of taxation? well, this motion says,

5:34:45 to 5:34:59( Edit History Discussion )

Benjamin L. Cardin: what is the appropriate level of debt? is anyone going to be concerned about the bottom line debt of our nation? isn't there a limit? now it's $8.9 trillion. whether we lose revenues through taxes

5:34:59 to 5:35:13( Edit History Discussion )

Benjamin L. Cardin: or spend it through the appropriation process, it costs the people of this nation the same burden to their economy. no, i'm not happy about the economic progress that we've had over the last

5:35:13 to 5:35:26( Edit History Discussion )

Benjamin L. Cardin: five years. i'm not happy about our trade deficit of $720 billion. i'm not happy about how many jobs we've exported to other countries. you look at the loss of jobs in america, good jobs, and you look

5:35:26 to 5:35:37( Edit History Discussion )

Benjamin L. Cardin: at the job creation, it's not equal. this has been the worst performance as far as the growth of good jobs here in america. so, no, i'm not happy about our economic performance. but if i

5:35:37 to 5:35:55( Edit History Discussion )

Benjamin L. Cardin: do ask my colleagues to do is look at this motion that's before you, read it. it says that we don't want to increase the debt. i would hope all my colleagues would agree with that. it says

5:35:55 to 5:36:10( Edit History Discussion )

Benjamin L. Cardin: we want to extend the r&d and the safers credit to the maximum extent possible. i would think that using my friend from pennsylvania that you are not increasing it. i want to prove the logic of

5:36:10 to 5:36:22( Edit History Discussion )

Benjamin L. Cardin: that argument. then it says, yes, we have to make choices. and the alternative minimum tax should be our top priority. why? because that exspires this year. if we don't correct it in 2006 our

5:36:22 to 5:36:29( Edit History Discussion )

Benjamin L. Cardin: constituents are going to have to be paying the alternative minimum tax. and you can say you pay us legislation to do it, but if it's not in the budget reconciliation, if it's not protected

5:36:29 to 5:36:41( Edit History Discussion )

Benjamin L. Cardin: by a point of order we are not going to get it done. we know that. that's why we're saying, let's put it in the bill that's going to make it to the president's desk, that's going to be signed

5:36:41 to 5:36:54( Edit History Discussion )

Benjamin L. Cardin: into law. let's not play games with this. let's do what's right for the people of this nation. so if you read this motion to instruct, you are going to find that if you're for reducing the debt, if

5:36:54 to 5:37:05( Edit History Discussion )

Ben Chandler: you are for the savers credit, if you are for the research and development credit and if you want to provide alternative minimum tax relief, and if you want to avoid something that may be happening