Mr. Speaker, by direction of the Committee on Rules, I call up House Resolution 1490 and ask for its immediate consideration. Mr. Speaker, for the purpose of debate only, I yield the customary 30 minutes to the gentleman from Texas (Mr.…
Mr. Speaker, by direction of the Committee on Rules, I call up House Resolution 1490 and ask for its immediate consideration.
Mr. Speaker, for the purpose of debate only, I yield the customary 30 minutes to the gentleman from Texas (Mr. Sessions). All time yielded during consideration of this rule is for debate only.
General Leave
Mr. Speaker, I ask unanimous consent that all Members have 5 legislative days within which to revise and extend their remarks and to insert extraneous materials into the Record.
Mr. Speaker, I yield myself such time as I may consume.
Mr. Speaker, House Resolution 1490 waives a requirement of clause 6(a) of rule XIII requiring a two-thirds vote to consider a rule on the same day it is reported from the Rules Committee. The resolution applies to any rule reported on any legislative day through September 27, 2008, providing for consideration or disposition of a measure to
provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes.
I rise today in support of this rule because American families and small businesses need tax relief now more than ever. This rule will allow us to bring legislation to the House floor later today that will not only strengthen our economy by directing tax relief to middle class families and creating jobs at small businesses, but also will help to bring this country into a new alternative energy future that will help to create green collar jobs right here in America, jobs that cannot be outsourced to foreign countries or overseas.
Since being elected to Congress, I have voted, along with this body, to cut taxes for middle class families and small businesses on at least 14 separate occasions. In doing so, this Congress has upheld its pledge to the American people, and I have kept the promise I made to my constituents to provide much-needed tax relief and incentives for economic growth.
I know that there are many families and businesses in my district that are struggling in the current economic crisis. With talk of a $700 billion plan to bail out Wall Street, we cannot, in good conscience, fail to take action to help so many families facing the ever-escalating costs of gasoline and home heating fuel into this winter.
This legislation we will consider provides tax relief and incentives to those who need them most at a fraction of the cost of bailing out the financial industry.
This Congress has shown a strong commitment to the pay-as-you-go rule that we adopted last January. I applaud my Blue Dog Coalition colleagues for their outspoken leadership on the PAYGO consideration and the PAYGO issue. When I explain to folks back home what PAYGO is, I ask them a question: You have to balance your books each month, don't you? The individuals say, of course. They, of course, understand what it means to balance their books. They would not think of spending more than they earn. Businesses would not think of spending more than they earn. You have to ensure that you have enough income coming in to cover your expenses, and, of course, they respond with a nod of the head. They understand it. They get it. And then I say: Shouldn't the Federal Government operate in the same way when it involves spending your tax dollars?
The legislation this rule will allow us to consider today will extend a number of critical tax relief measures targeted at middle class families and small businesses to improve the quality of life and strengthen our economy. Supporting this rule and the tax legislation we will consider later today is simple common sense.
We can provide tax relief and incentives to middle class families, spur innovation, create tens of thousands of new green collar jobs, reduce our dependence on oil from hostile nations and reduce greenhouse gases--and we can do it all in a fiscally responsible manner. I urge my colleagues on both sides of the aisle to support this rule and the underlying legislation.
Mr. Speaker, I reserve the balance of my time.
Mr. Speaker, I would inquire of my colleague, my friend Mr. Sessions, if he has any further speakers. I am prepared to close.
Mr. Speaker, I continue to reserve my time.
Mr. Speaker, I would like to yield 3 minutes to the gentleman from Vermont, my colleague from the Rules Committee, Mr. Welch.
Mr. Speaker, I would like to yield 4 minutes to the gentleman from Massachusetts (Mr. Markey).
I am prepared to close, so I would reserve the balance of my time.
I thank my friend from Texas.
Mr. Speaker, when you listen to the people on the other side of the aisle, you would think that everything that's happened is the fault of the Democratic Party.
They have had the White House for 8 years. We see oil prices as high as they have ever been. Two oilmen in the White House, yet we still see that. We see the economy as bad as the economy has ever been. We're talking about bailing out Wall Street with $700 billion that we're borrowing.
This rule today for this bill is about tax extenders, and that is extenders that would create incentives for alternative energy to help us wean ourselves off of our addiction to foreign oil. And we're doing it in a prudent way, in a way that doesn't borrow and spend, doesn't dump this on the backs of our children and grandchildren, but rather as a paid-for.
The bill that my colleague from Washington spoke about, it's a very good bill, but it hasn't been paid for. These tax extenders today that we're talking about have been paid for. They are extenders that are prudent and responsible.
Supporting this rule and the tax relief legislation we consider later today is simply common sense. We can provide tax relief and incentives to middle class families, we can spur innovation, create tens of thousands of new jobs, reduce our dependence on oil from hostile nations, and reduce greenhouse gasses. And we can do all of it in a fiscally responsible way.
I urge my colleagues to vote ``yes'' on the previous question and on the rule.
I yield back the balance of my time, and I move the previous question on the resolution.
Mr. Speaker, on that I demand the yeas and nays.