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Mr. FLEMING. Mr. Speaker, I join the majority of Americans who found themselves in utter disbelief yesterday when they heard the majority leader say that this Congress might need to consider a second stimulus package. After the first stimulus package has proved to be a failure in stabilizing the economy and mitigating unemployment, the best solution the liberal leadership in the House can propose is to continue on this reckless spending spree.
At present, we are spending $100 million a day on interest on the first stimulus, and yet unemployment has now reached 9.5 percent. This first stimulus has proved to be nothing more than a tool to fund a broad-sweeping social agenda that has been on the shelf for years. The Vice President said we misread the economy. Well, Mr. Biden, not one Republican in this House misread it because none of us voted for it.
If we really want to stimulate the economy, we should immediately cut marginal tax rates for all and provide emergency tax relief to the very entities that employ 70 percent of those employed--small businesses.
The American people have had enough of the tax-and-spend mentality of Congress.