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Public Statements

Not a Perfect Package

Floor Speech

Location: Washington, DC

Mr. CONNOLLY of Virginia. Mr. Speaker, we are about to have a hold-your-nose vote here in the House of Representatives. And many of us are going to wrestle with the problem of making perfect the enemy of the good.

We do have an opportunity to stabilize taxation for 99 percent of all Americans, to extend depreciation and investment expansion for small businesses, to make sure that families in America, through the child tax credit, the earned income tax credit, and student loans, are stabilized for their planning in calendar year 2013. The R&D tax credit is extended. So there's a lot in this package that's good.

And there's a lot that's not addressed at all in this package. We have a debt ceiling crisis pending. We have a sequestration crisis spending. It must be addressed, or it's going to have a huge drag on the United States economy, and in the case of the debt, once again, revisit the issue of default for the first time in American history.

So it's not a perfect package, but it is something that gets us by while we tackle the larger issues in the next Congress. I pray God that next Congress is more willing to compromise than this.

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