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Tax on Bonuses Received from Certain TARP Recipients

Floor Speech

Location: Washington, DC


Mr. VITTER. I stand to talk about health care on this significant day, the day after the House passed the ObamaCare bill and the day before the reconciliation bill comes here to the Senate.

Needless to say, I am deeply disappointed by the House's action for all of the reasons I and so many others have raised, the concerns we have raised previously on the Senate floor.


Mr. VITTER. Mr. President, again like so many Americans, I was deeply disappointed by last night's House vote. At its core, that health care reform legislation will put the government between us and our doctors. It will raise health care costs significantly. That is not me saying that, that is nonpartisan sources such as the Congressional Budget Office.

It will try to be ``paid for'' through a $ 1/2 trillion raid on Medicare, another $ 1/2 trillion set of tax increases. And, of course, that is the cause of pushing up health care costs. Then, to add insult to injury for so many Americans, including so many Louisianans, it will provide taxpayer funding of abortion.

It was truly a sad day for our country, in my opinion. But I take the floor today not so much to focus on that but to focus on the continuing fight and to focus on the future. My message is very simple. Speaking for one Senator, for myself, this fight is not over by a long shot. I will be on the floor regularly all this week fighting the separate reconciliation bill. Certainly, if any House Democrats thought all aspects of that bill would pass into law, to ``fix'' certain portions of the underlying Senate ObamaCare bill, I think this week they will be sadly disappointed.

There are many aspects of that bill that are subject to serious challenges that will require 60 votes, and will not get them here on the Senate floor. We will have a number of important debates and amendments.

I will also continue the fight to try to repeal this very counterproductive legislation. Today at 2 o'clock, as soon, as absolutely soon, as it was in order, I filed a bill to repeal ObamaCare, to repeal what has passed already through the process. I am joined with so many other Members, so many other Americans across the country to fight to that end, however long it takes. It may not be this Congress, but I believe that day will come, because the great majority of Americans, certainly including the great majority of Louisianans, want that to happen. They want us to act instead in a focused, positive way, attacking real problems with real solutions, not a 3,000-plus-page bill.

I yield the floor.


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