Impact Of Massachusetts Election

Date: Jan. 20, 2010
Location: Washington, DC

BREAK IN TRANSCRIPT

Mrs. BACHMANN. I thank the gentleman from Iowa.

I also have so much esteem for my colleague from Tennessee, Dr. Roe, and also my colleague from Georgia, Dr. Gingrey. They are just wonderful examples, and they enlighten all of us who aren't medical professionals. But they've been there, done that. They have skin in the game, and they know what's at stake. They know what's at stake for those who have put so much into becoming physicians, who have put their life on the line to be healers, but also the people they serve. They see the real cost in human health, in terms of misery that is down the road if we embrace this system.

I come at it a little bit differently. My background is that I am a former Federal tax lawyer, and I see how egregious tax costs can destroy businesses, destroy families, individuals, farms and creativity. And also as a business owner. My husband and I have started two businesses. We're not a big deal; we've employed 50 people, but we do know what it is to take and start a business from scratch using our own equity, our own capital. We have to be disciplined and make a lot of good decisions. We have to get it right every time so that we can make a profit.

My husband told me that he spoke to a number of other small businessmen that have said to him they will have to cut jobs with their small businesses if this health care bill goes through. There are a lot of small business employers that would love to provide health insurance, but they can't because currently health insurance is so expensive.

I think one thing that cannot escape this discussion that we're having tonight among colleagues, whether we're health care professionals or tax lawyers or small business owners, is this; President Obama's Chief Economic Advisor, Christina Romer, said herself that if President Obama's plan would go into effect, that America would see 5.5 million jobs lost if we adopt his plan. Not only would it cost us trillions of dollars that we simply don't have, but it would cost us 5.5 million American jobs. It isn't that those jobs wouldn't be done, but they wouldn't be done in America. It's another 5.5 million jobs that would go offshore.

I yield to the gentleman from Tyler, Texas, LOU GOHMERT.

Mr. GOHMERT. So what you're saying is the President's health care bill really is a jobs bill, but instead of creating them, it eliminates them.

Mrs. BACHMANN. It eliminates them, and I think one can understand why. We saw a chart or a graph that was recently produced several weeks ago. It plotted all of the private-sector experience in the Presidents from the last 100 years. It showed that in President Obama's Cabinet, in his administration he has less private-sector experience in real job creation than any other administration: 7 percent experience. No wonder every answer that comes out of this administration is more spending, higher taxes, more government. But the last seven economic recessions, every blooming one of them we have come out of the recession--from government? No. From small business creation.

We would love, in our small business, to create more jobs, but I will tell you this, from the other small business job creators that I know in Minnesota: Right now they are scared to death. They don't want to add more jobs because they know if they add more jobs, they're stuck with more costs that they may not be able to take. They don't want to hurt the existing people they have now that they hired. They don't want to have to close their doors and fold up. A great business in our State, Home Value stores, just announced last week that they were closing their doors after over 35 years in business. Why? Because of this job-killing, bone-crushing debt that's coming out of Washington, D.C. Let's reject that.

The American people last night rejected President Obama's decision because if there is one headline that would encapsulate all of 2009 it would have to be this: ``The Federal Government takeover of private industry.'' That's what last year was all about. The American people said no way; we believe in America, we believe in job creation, we believe in prosperity. And that's what last night's poll numbers reflected.

Mr. KING of Iowa. Reclaiming my time, I would propose that it actually goes another step yet, and that is, we talked about the government takeover of the private sector, and we talked about between 30 percent and 33 percent of the private-sector profits nationalized by mostly this President's administration. We've seen the nationalization take place, the government takeover, but the most personal and private property we have is our own bodies. This is a government nationalization, a government takeover of our individual persons and bodies, managing our health care and seeking to tell us what we can eat and what we can't, what we can drink and what we can't, managing our own personal bodies. What could be a more egregious violation of liberty and freedom than that?

I would like to pose a question for a response here and maybe go down through some things in my mind and see if there is dissent among the esteemed Members of Congress that are here on the floor.

First I would ask you, if they impose a centrally controlled system of government-run health care, will it result in a loss of personal and economic liberties? And is it an indisputable violation of the principle of limited government established by the Constitution? Would you agree with that?

Mrs. BACHMANN. Absolutely. Yes, I would. I would agree with that.

Mr. KING of Iowa. I will ask another question. If they impose a government-run health care system, would such system result in increased costs in taxes to individuals, to families, to businesses, as well as to all taxpayers at the Federal, State and local levels?

Mrs. BACHMANN. It would. And that's what I am so worried about as a tax lawyer, that this will mean diminished opportunities for Americans because we will see increased taxes in defiance of President Obama's promise to the American people.

Mr. KING of Iowa. What kind of harm would that do to the American economy and the businesses and jobs and productivity and quality of life?

Mrs. BACHMANN. It would be irreparable harm. It would be very difficult to come back from.

BREAK IN TRANSCRIPT

Mrs. BACHMANN. If I could just respond on the tax portion. Government can directly mandate that you must pay a percentage or a fee, which is a direct tax. But if government requires you to do something or purchase a health insurance policy in conformity with what government says must be the items in that policy, that's just as much a tax as if government says you must pay a percent or an exact amount. The final result is the same because the taxpayers' pockets are picked for what government mandates it must be picked for. It is a tax, pure and simple. That's the point.

Mr. GOHMERT. And along those lines--I appreciate the gentleman yielding--we've heard the President say, well, you know, States require you to buy insurance for your car, so this is nothing new.

Mrs. BACHMANN. It's not the same.

BREAK IN TRANSCRIPT

Mrs. BACHMANN. If I could add to that, the one thing that doesn't get talked about very much here is the iron ceiling on wages that was contained in this bill.

If you have a double-income couple with no kids and if their combined income is $64,000 a year or more, at that point they lose all Federal subsidy. So what they have to do is go out, and if their employers pay the 8 percent fine to the government and don't provide health insurance, they have to go with after-tax dollars and purchase health plans, which, in Minnesota, would cost about $14,000 a year. So you'd have a couple making $64,000 a year who has to go and buy a plan out-of-pocket; but if the couple made $63,000 a year, Uncle Sam would pay their way. That's the iron ceiling on wages. There is no incentive to make a dollar more, because you would be so heavily penalized by going out of the subsidy, and that kills the American Dream.

Why would we have a couple of people here in this Chamber make a decision for over 300 million people? Let's free up decision-making for 300 million people to make the cheapest and best choices for themselves.

I yield back.

BREAK IN TRANSCRIPT


Source
arrow_upward