Providing For Consideration Of Senate Amendments To H.R. 3590, Service Members Home Ownership Tax Act Of 2009, And Providing For Consideration Of H.R. 4872, Health Care And Education Reconciliation Act Of 2010

Floor Speech

Providing For Consideration Of Senate Amendments To H.R. 3590, Service Members Home Ownership Tax Act Of 2009, And Providing For Consideration Of H.R. 4872, Health Care And Education Reconciliation Act Of 2010

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Mr. POLIS. This has been a long process writing this bill. I've been honored as a new member of Congress to be at the table along the way scoring some wins and some losses with regard to the final product and where I would like to see it overall.

I think it's a very strong product. I'm excited that we have the real ability to bend the cost curve with a strengthened IMAC over the House version. I'm also thrilled that this new version will reduce the deficit by over $150 billion. We really can't afford not to do it.

With regard to taxes and the impact on business, there have also been some very positive developments since the House version. The initial House version would have raised the tax rate that S Corps and LLCs, many small businesses, pay. I'm happy to say that that did not survive this process, we were able to get that out of the bill and that this bill is extremely beneficial for small businesses to help them save money.

I think there is great potential going forward to reduce the need for tax increases and in fact allow tax cuts if we can pass comprehensive immigration reform. One of the baseline assumptions in this bill is that there will be 50 percent more undocumented immigrants after 10 years. This Nation can't afford to have 20 million undocumented immigrants. This Nation can't afford to have 10 undocumented immigrants. This Nation needs to have zero undocumented immigrants. And that will have substantial savings within health care and make sure that taxpayers are not forced to subsidize the care of an undocumented population that should not be here. That's why I'm a proud sponsor of a comprehensive immigration reform bill here in the House, and there are also efforts underway in the Senate between Senator Graham and Senator Schumer that can reap substantial savings for health care, and we can return that money right to the American people.

That's why I'm proud to support this rule and this bill to build the momentum with hundreds of thousands of people in town this very week advocating comprehensive immigration reform.

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