Mr. Speaker, I yield myself such time as I may consume. I thank the chairman for his leadership in the area of tax reform and entitlement reform. Ladies and gentlemen, this is not monkey business. This is serious business, kind of deja vu…
Mr. Speaker, I yield myself such time as I may consume.
I thank the chairman for his leadership in the area of tax reform and entitlement reform.
Ladies and gentlemen, this is not monkey business. This is serious business, kind of deja vu all over again. We have now been at trying to do comprehensive tax reform for 5 years, and we should continue to try to do it, but our constituents shouldn't be held hostage for the lack of the ability for us to get it across the finish line. This is bipartisan.
Let me remind my friend from Michigan that the provisions in these bills that I am sponsoring today were part of a package that was being negotiated to be made permanent by a bicameral, bipartisan group of legislators in December, Democrat leadership and Republican leadership, before the President stepped in and said ``no.''
He said ``no'' to constituents of mine like Claggett & Sons, a general contractor. I will tell you what the controller of Claggett & Sons said about section 179. This is what he said:
It is an important part of our decisionmaking process when
evaluating equipment purchases.
He went on to say that making the increased expensing levels permanent, as this bill does, will be beneficial for capital purchases planning for small businesses.
Let me tell you, when you look at section 179 in particular, Mr. Speaker, we had section 179 at this level, supported by Democrats and Republicans alike, for 2014. On December 11, 2014, we gave our constituents 20 days to take advantage of this provision, as we have done now 12 times on a temporary basis since 2003.
Claggett & Sons couldn't take advantage of it. My friends have heard about my constituents, farmers Tom and Judy Price, about buying a combine, waiting to see when we would make this permanent or reextend it.
We gave them 20 days to make that decision--20 days. That is no way to run a railroad, none at all, Mr. Speaker.
I understand the points that the other side has made. I want tax reform in a comprehensive way as bad as anybody. The two aren't mutually exclusive here in terms of, we can do this, give our small business owners and farmers the type of certainty they need that will help our economy grow, that will help their businesses grow, rather than do what we have done for 12 years now--over 12 years--making these temporary provisions, extending them for a year or two at the end of the year. That is just no way to do this.
So, ladies and gentlemen, on behalf of small business owners like Claggett & Sons and farmers like Tom and Judy Price, I urge us to move the ball forward. We can chew gum and walk at the same time. We can do this, and we can move on to try to find common ground on comprehensive tax reform.
I reserve the balance of my time.
Mr. Speaker, I yield 2 minutes to the gentleman from Cincinnati, Ohio (Mr. Chabot), the chairman of the Committee on Small Business.
Mr. Speaker, I yield 3 minutes to the gentleman from North Dakota (Mr. Cramer), who represents a number of newly created small businesses with the energy boom.
Mr. Speaker, I continue to reserve the balance of my time.
Mr. Speaker, I yield 5 minutes to the gentleman from Wisconsin (Mr. Ryan), the chairman of the Ways and Means Committee.
I yield the gentleman an additional 1 minute.
Mr. Speaker, as a Roman Catholic, I find it interesting that Mr. Camp is a saint now that he is gone. I would like to remind my colleagues that Mr. Camp worked for several years on comprehensive tax reform with little help from the other side. When I say ``the other side,'' I mean the White House. It was 4 years into his chairmanship that he released a draft.
The new chairman has been in the job for about 42 days, so let's give him some time to work on a comprehensive draft which he said and has continued to say that he can do while we make some important provisions that have been bipartisan that is about putting money in people's pockets.
Everybody knows we have had the worst job recovery in my lifetime-- the worst. This provision has been around for a long, long time. We know it works--liberal economists, conservative economists--expensing works. It works for small businesses. Small businesses hire people.
By the way, many small business owners and many farmers pay their taxes quarterly. Most of us have our taxes taken out of our paycheck every time we have a paycheck.
Imagine the debate that we would be having on the floor today if every American had to send in their taxes quarterly. These small business owners and farmers are at the heart of our economy in trying to improve our economy--improve our economy, grow our economy, and hire more people. We are all for that.
Mr. Speaker, I reserve the balance of my time.
Mr. Speaker, I would ask if the other side is ready for closing. We have no more speakers at this time, and I reserve the balance of my time to close.
Mr. Speaker, I yield myself the balance of my time.
Ladies and gentlemen, this isn't a game. This is reality. This is Groundhog's Day. We have been doing this for 12 years. You go ask somebody who is trying to run a business in America on Main Street-- they want certainty, they don't want retroactivity.
Heck, we got 10 months left in the year. They would like longer than that. Their business cycle is longer than 10 months. Their business cycle is years. Go ask an accountant at a business in terms of how they have to plan. The rules are rigged against them. The rules--the chairman talked about the rules.
I am going to underline and bold this. Imagine this: this provision is expired, and my colleagues in the minority are concerned about adding to the deficit because this provision that expired on December 31, we are trying to renew without raising taxes on other people.
When spending expires, the chairman mentioned a few of those programs, and we renew them at the same level, it doesn't add to the deficit. Think about that. Go talk to some constituents at a diner on Main Street in any of our districts and see if they think those rules are fair. They are paying the bill. They are paying all of the bill.
Ladies and gentlemen, we have got to get things done. We have to get things done. The American people are counting on us to get things done. This is as common ground as there is in our Tax Code when it comes to trying to help job creators create jobs.
I don't know anybody who wants a minimum wage job. I know people who want jobs that pay more than the minimum wage. I had a minimum wage job once. I wanted to make more than that. That wasn't my goal. My goal was to make more money than minimum wage.
Each and every one of us knows somebody who can't find a job who wants a job. I know people who want to create more jobs and have their businesses grow. This provision, ladies and gentlemen, we know this provision helps people get jobs. It doesn't have to be that hard. We can walk and chew gum.
Mr. Speaker, we can lay the groundwork for comprehensive tax reform, but we need partners. We need partners in the Senate, and we need partners in the White House.
The White House has said they are for C corp reform. Well, as everybody knows, this provision is going to help a lot more than just C corps. It is going to help small businesses that are passthrough entities, S corps, limited liability companies, and mom-and-pop small businesses on Main Street. We cannot wait. These people have waited long enough.
Ladies and gentlemen, we need long-term certainty. This is an important step to comprehensive tax reform--a very important one--that we need to pass and get on our business to getting to comprehensive tax reform.
So I would plead with my friends in the minority, let's put aside this rhetoric; let's move toward this; let's pass this bill.
We had a debate last summer that is reminiscent of debate today, and we almost got there, ladies and gentlemen. Democrats in the Senate, the Democrat majority leader, our chairman at the time, Dave Camp, were negotiating the framework of what some now are being critical of that would create permanency for policy provisions that we are debating today.
We know Democrats are for this, under the right circumstances, exactly how this is written. So let's put aside all those things, and let's do work today that is good for America and good for Americans.
I yield back the balance of my time.
Mr. Speaker, I reserve a point of order.
Mr. Speaker, I withdraw my reservation of a point of order.
Mr. Speaker, I claim the time in opposition to the gentleman's motion.
I thank the gentleman from New England and oppose his motion.
I don't want to deflate anybody's honor today. Let me just clarify what I said about Mr. Camp and his draft.
What I said is--because the gentleman is right. He was fully engaged in a very comprehensive way, as were others on the committee with Chairman Camp and me and others. But Mr. Camp had one partner in the Senate that he was working with, a very important one; unfortunately, got sent to China, and at that point all opportunities with the other very important body kind of evaporated. And remember, 4 years-- actually, his start was when he was actually ranking member, he started putting together a comprehensive draft. I think that is important to note.
I really appreciate the gentleman's attempt today because, remember, last year, last summer, the gentleman correctly observed that this was a waste of time because we are just going to do this retroactively at the end of the year. We could have broken that cycle last year. It took Chairman Camp and Majority Leader Reid in December to almost do it. They almost got there. They almost broke the cycle.
We can still break that cycle. We can still stop this vicious cycle of 1 year here, 2 years there, retroactive here, and provide certainty and get to the business of comprehensive tax reform. We can do all that, but we have to pass this bill first and make it permanent.
I oppose the motion. This is simple: permanency versus 1 year.
Happy Valentine's Day.
I yield back the balance of my time.