Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, as we wind down this session of this Congress, it is probably fitting that this bill is in front of us, because the bill before us…
Mr. Speaker, I yield myself such time as I may consume.
Mr. Speaker, as we wind down this session of this Congress, it is probably fitting that this bill is in front of us, because the bill before us today is intended to provide economic relief to the Territories of American Samoa and the Northern Marianas. Specifically, these territories, which are each home to approximately 70,000 people, are appealing to us, to Congress, to forestall congressionally mandated increases in the minimum wage in their territories.
It was the Speaker Pelosi-led Congress in 2007 that imposed this job- killing policy. The impacts in these territories have been very real and very severe, especially in American Samoa, which has seen one of its two primary employers, tuna packing plants, shut down after the minimum wage policy went into effect.
The next increase in the minimum wage in these territories is slated to take effect at the end of this month, Mr. Speaker. That's tomorrow, Thursday, September 30. So there is indeed an urgent need to act right now.
While I agree with the need to spare these territories from the economic havoc that this Democrat Congress has inflicted on them, there are other laws that this Democrat Congress has imposed over the objections, and against the will, of the American people. The most obvious one has been talked about for nearly a year--and that, of course, is the Big Government health care takeover that is threatening, among others, small businesses. It has also caused some seniors to lose their Medicare coverage and we are seeing costs in health care insurance premiums that are rising higher and higher. And the 2001 and 2003 tax relief that is slated to expire at the end of this year, of course, has not been addressed. Thousands of small businesses will be hit with this massive tax increase. In fact, rates will rise on all individual taxpayers. The child tax credit will be cut in half. The marriage penalty return and the death tax would revert back to its high rate. And yet, Mr. Speaker, this Congress has voted to adjourn and leave town without addressing these tax increases. This uncertainty we have seen across the country inflicts a terrible toll on our economy.
However, always a silver lining, Mr. Speaker. With this bill, the Democrat Congress admits that they were wrong, that the policies they imposed are costing real people their jobs. I'm glad that they admit here tonight what they have done. But I should say this as, again, we're winding down, Mr. Speaker. Relief shouldn't just come for American Samoa. Americans across the 50 States are losing jobs and hurting because of the actions of this Democrat Congress. They, too, Mr. Speaker, need relief.
With that, I reserve the balance of my time.
Mr. Speaker, I am pleased to yield 2 minutes to the gentleman from Iowa (Mr. King).
Mr. Speaker, I yield myself the balance of my time.
I just want to say, Mr. Speaker, I urge my colleagues to support this legislation. This corrects actions that were done to these territories 3 years ago, and I think this is a very good policy. I wish we could have addressed this earlier rather than 1 day before the law would go into effect. So I urge my colleagues to support this much-needed legislation.
I yield back the balance of my time.
Will the gentleman yield?
Well, I appreciate the gentleman's giving some background on this, and I'm not going to refute that. However, it seems to me that the mere evidence of the remedy that we are proposing here is aimed at the minimum wage, which was passed in 2007, and the remedy addressing the minimum wage would certainly indicate to me that, at least in the real near term, the reason for this is the minimum wage, and so I stand by my remarks, but I know there's always more to it.
If the gentleman will yield, I will just simply say that I find it remarkable that the remedy we are trying to pursue is prolonging an increase in the minimum wage.
If the gentleman will yield, I don't recall during the debate that there was a discussion of any level of minimum wage as the gentleman was referring to, but as was pointed out by the gentleman from Iowa, it simply is a matter of supply and demand, and we need to be cognizant of that.
So, with that, I thank the gentleman for yielding.
Mr. Speaker, on that I demand the yeas and nays.