House Proceeding 01-28-09 on Jan 28th, 2009 :: 3:20:30 to 3:23:30
Total video length: 3 hours 52 minutes Stream Tools: Stream Overview | Edit Time

Note: MetaVid video transcripts may contain inaccuracies, help us build a more perfect archive

Views:272 Duration: 0:03:00 Discussion

Previous speech:

Next speech:

3:20:26 to 3:20:46( Edit History Discussion )

Earl Pomeroy: the debt that we're putting on them and so i would urge my collgues to support the republican substitute, support million jobs, twice as many as the underlying bill at about half the cost. and i yield back the balance of my time. the chair: the gentleman yields back the balance of his time. the gentlemafrom massachusetts.

3:20:30 to 3:23:30( Edit History Discussion )
Speech By: Earl Pomeroy

3:20:47 to 3:21:07( Edit History Discussion )

Earl Pomeroy: mr. neal: thank you, mr. chairman. i would remind all that for six years we tried the prescription that was offered by the minority leader and his party. the sl that america's had since world war ii. with that i'd like to recognize the gentleman from north dakota, a member of the ways and means committee, mr. pomeroy, for two minutes. the chair: the gentleman from north dakota is recognized for

3:21:08 to 3:21:30( Edit History Discussion )

Earl Pomeroy: two minutes. mr. po at the continued practices of some on wall street with utter amazement. after crashing their companies, economy -- tanking our economy, the excesses that we have continued to see have appalled us all.

3:21:31 to 3:21:54( Edit History Discussion )

Earl Pomeroy: i guess if there's a legislative equivalent of not getting the message, like those that continue those utterly disgraced practices on wall reet, it would be a proposal that wou continue an economic policy of trying to shift the tax cuts disproportionately to the wealthiest, stiff the

3:21:55 to 3:22:15( Edit History Discussion )

Earl Pomeroy: working poor and hope somehow that the largess trickles down and the economy comes back. we should have learned our lesson. this has been the fiscal policy of the republican house for the last decade.

3:22:16 to 3:22:36( Edit History Discussion )

Earl Pomeroy: and what harm, what harm we have seen. oh, it's not been harmful for everybody. because if you were at the top, the top of this income pyramid, you did very, very well. but avage taxpayers saw their earnings decline and stagnate, leading to greater levels of

3:22:37 to 3:23:00( Edit History Discussion )

Earl Pomeroy: debt and the hardship we see today. so i'm fairly astounded that you'd see a substitute that goes back to the tired old republican formula of letting the top have everythi others get short changed. under their -- shortchanged. under their policy, the top 20% of households and only the top 20% of households get the full

3:23:01 to 3:23:22( Edit History Discussion )

Earl Pomeroy: tax cuts and they're not proportionally spread at all. a married couple with two children, they get almost ,3500 under the republican substitute. 17 times the 00 tax cut the couple would receive making 0,000. vote for fair tax relief. the chair: the gentleman's time

3:23:23 to 3:23:36( Edit History Discussion )

Earl Pomeroy: has expired. mr. camp: i yield three minutes