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The United States Of The 21st Century

Floor Speech

Date: March 7, 2007
Location: Washington, DC
Issues: Economy and Fiscal


THE UNITED STATES OF THE 21ST CENTURY -- (House of Representatives - March 07, 2007)

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Mr. SESSIONS. I appreciate the gentleman yielding me the time.

Being from Dallas, Texas, does offer me the opportunity to come in and join the Suburban Caucus members here tonight from Illinois and Pennsylvania; and tonight I would like to speak about something that I think is very, very important and that is our economy.

Just yesterday, there was a brand new study that was released in Europe that mostly you will see in Europe, you probably will not see in the United States, but talks about how the United States economy, as it was 20 years ago, is now the size, or said another way, Europe is now the size of, their economy, in 2007, what the United States economy was 20 years ago. It comes as a shock to many people in Europe, even though they have already seen incrementally where their countries fall out.

But what has happened in Europe is they have seen a continuation of high taxes, of overregulation, of requirements on single payer or what we might call single payer system in health care, as well as rules and regulations that are given to unions to not only organize but to put additional restrictions upon employers.

So, tonight, what I would like to say is, thank goodness we live in America. Thank goodness we live in an America where the free enterprise system is alive and well.

Tonight, the Suburban Agenda that is being talked about by the Republican party is a part of trying to make sure that we grow our economy, to where America has the very best not only economy in the world but also a leading-edge and moving-forward economy.

What I would like to talk about tonight is also a part of our Suburban Agenda of growing the economy, and that relates to making sure that we have the opportunity to have lower tax rates that allow investment in opportunity.

As we know, in just a few short years, I think it is about some 1,381 days from now, the tax cuts that were passed by the Republican majority over the past few years will be going away unless the Democrats were to allow a vote and we reauthorize those. What would be gone away is the marriage penalty, depreciation, capital gains; and our tax rates would rise, also.

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