Job Protection and Recession Prevention Act of 2012

Floor Speech

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Mr. BRADY of Texas. Mr. Speaker, I appreciate Chairman Camp's leadership on this important jobs issue.

For America, this recovery is the weakest since World War II. It's dead last. Millions of Americans can't find work. Millions of Americans have given up looking for work. Businesses along Main Street are struggling. Business confidence is down. Consumer confidence is down. This economy is not working, but yet the President has a plan. He gave it to us a couple of weeks ago. He said, I want to raise taxes on small businesses and professionals.

But here is the cost in real terms for our economy: 700,000 more Americans will be kicked to the unemployment line; the economy will grow slower, in fact, it will shrink; paychecks will shrink; there will be less investment in America.

What kind of plan is that for a recovery?

And also, seniors are going to write more checks in capital gains and dividends to Uncle Sam, the dividends they live on. Small businesses will be able to expand less often because of this.

Republicans think there is a different choice for America's economy. We want to stop the tax hikes. We want to grow this economy by 1 million new jobs. We want to make sure that when you, as a senior, save your whole life, you invest in dividends in a home and land, that you keep it to survive in your retirement years. We want to make sure the death tax doesn't come back to life.

Think about this: You work your whole life to build a family-owned farm or business, and when you die, Uncle Sam swoops in and takes more than half of everything you've worked a lifetime to earn.

That's the choice between the Republican plan to stop the tax hikes and grow this economy and the President's plan to raise taxes and hurt this economy. It is a clear choice. The House is going to act. And more importantly, we're going to make sure America has the best tax system in the world again so that we can compete and win so that our kids and grandkids have the opportunity for the strongest economy in the world. It's a clear choice.

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