Mr. Speaker, I offer a motion to recommit. Yes, in its present form, Mr. Speaker. Mr. Speaker, do we have opposition on the point of order? On the point of order, may I continue with my motion to recommit? Mr. Speaker, I would ask the…
Mr. Speaker, I offer a motion to recommit.
Yes, in its present form, Mr. Speaker.
Mr. Speaker, do we have opposition on the point of order? On the point of order, may I continue with my motion to recommit?
Mr. Speaker, I would ask the gentleman to reconsider his point of order on my offering of this amendment. My amendment increases the funds in the bill to the Senate-passed level of $318 billion, and I believe that the House should be allowed to vote on this amendment.
Mr. Speaker, today I rise with the gentleman from New Jersey (Mr. Menendez), the gentleman from Oregon (Mr. Blumenauer), and the gentleman from Washington (Mr. Baird) to offer this motion to recommit.
The amendment increases highway and transit investment by $37.8 billion, a level of funding equal to the Senate/House-passed TEA 21 reauthorization bill, includes the Senate-passed Highway Trust Fund financing mechanisms, which includes no tax increases, and fully offsets these investments by cracking down on abusive corporate tax shelters, such as those enjoyed by Enron, and prevents American corporations from avoiding paying U.S. taxes by moving to a foreign country, and by extending customs user fees.
The amendment is paid for by drawing down from the highway trust fund and eliminating subsidies such as ethanol. We should continue to promote the use of ethanol, but we should keep the highway trust fund for truly highway-related activities.
A recent national survey found that transportation construction contractors hire employees within 3 weeks of obtaining a contract. Employees begin receiving paychecks within 2 weeks of hiring. In addition, this infrastructure investment will increase business productivity by reducing the costs of producing goods in virtually every industrial sector of our economy, which results in increased demand for labor, capital and raw materials and generally leads to lower product prices and increased sales.
Mr. Speaker, this investment will help create jobs for almost 3 million Americans who have lost their jobs in the last 3 years and will specifically help the more than 1 million unemployed construction workers. The number of unemployed private sector construction workers in 2003 averaged 810,000. The unemployment rate for these workers averaged 9.3 percent. We can invest in a future that our children and grandchildren will benefit from rather than continue to create debt for the future for our children.
Mr. Speaker, I yield back the balance of my time.
Point of Order
No.
Mr. Speaker, I concede the point of order.
Mr. Speaker, I offer a motion to recommit.
Mr. Speaker, will the gentleman yield?
No, there are other changes and they have been cleared by the Parliamentarian.
One of the differences in this bill is that it changes the part where we would report back promptly changes in this bill.
Mr. Speaker, I include for the Record a State by State chart of the total highway/transit investment increases and new jobs that would be created under this new motion to recommit.
Mr. Speaker, as a graduate from my hometown school, I traveled on an interstate called Interstate 40. It was about one-third finished. My grandchildren travel that today. With this bill, with this increase with this motion to recommit and the suggestion of increasing it to $318 billion, all of our children and grandchildren to come will have an infrastructure that will be the seed that is needed for economic growth and investment for the future.
Mr. Speaker, I yield the balance of my time to the gentleman from Oregon (Mr. Blumenauer).
Mr. Speaker, I demand a recorded vote.