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Public Statements

Job Protection and Recession Prevention Act of 2012

Floor Speech

Location: Washington, DC


Mr. MARCHANT. Mr. Speaker, I rise today in strong support of the Job Protection and Recession Prevention Act of 2012.

Businesses in my district in Texas and across the country are reluctant to hire and make investments due to an uncertain economy and an impasse over taxes. This bill is a thoughtful step to bolster our economy and bridge the gap to tax simplification. This bill provides a serious game plan and a timetable that shows the American economy how to move forward.

If we don't act, the looming tax hike could destroy an estimated 700,000 jobs, according to an Ernst & Young study. And it's no surprise, then, that the Institute of International Finance said there was a strong case to extend lower Bush-era taxes due to expire at the end of the year in order to avert a fiscal cliff.

I'm proud to support--and urge my colleagues to support--this bill that helps U.S. job creators and gives businesses more confidence to put Americans and Texans back to work.


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