9:16 AM EDT

Ann Kirkpatrick, D-AZ 1st

Mrs. KIRKPATRICK. Mr. Speaker, this is the final amendment to the bill, which will not kill the bill nor send it back to committee. If adopted, this bill will immediately proceed to final passage, as amended.

Mr. Speaker, this bill is fiscally irresponsible. It is an unpaid-for bill that costs $156 billion. When combined with the other six permanent tax extenders passed by Republicans on the Ways and Means Committee, the combined cost of all six bills is $310 billion. Not $1 of these bills is paid for, not $1 to offset the cost.

They do not close one special interest, corporate tax loophole to offset the cost of these bills.

The bill threatens so many critical programs that we care about. It threatens tax extender provisions that are not included, the new markets tax credit, the work opportunity tax credit for veterans, and renewable energy incentives.

The bill also threatens enhancements made to refundable tax credits for working families that expire in 2017, the child tax credit, the earned income tax credit, the American opportunity tax credit for education.

Republicans may have turned off, at the eleventh hour, the automatic spending cuts that would have resulted from passing this legislation after we called them out for it. What isn't done with one hand by them will be done with the other.

Republicans will add to the deficit. Let me make that clear. Republicans will add to the deficit and then automatically use that to push for harmful cuts elsewhere.

The Ryan budget lays out where the Republicans will make the cuts. They will make cuts to education, Head Start programs, and K-12 education. They will make cuts to medical research, such as the important work done by the National Institutes of Health.

On the other hand, medical research is one type of research that they seek to incentivize with this bill. On the other hand, they are cutting programs at the National Institutes of Health.

Do you get my drift here?

They will make cuts to Medicare, Medicaid, and other health programs to the tune of $2.9 trillion. They will make cuts to transportation, $52 billion.

This bill throws the Republican budget so out of balance--the first opportunity they have to go against their budget, they take it--they had to waive their own rules to make this bill work.

Chairman Camp made this provision permanent in his tax reform bill and paid for the provisions. He paid for it. The President made this provision permanent, and he has offsets to cover the cost in his budget.

We should have time to look and find common pay-fors and pass this bill in a fiscally responsible manner.

Again, I support the R&D tax credit, as do the vast majority of the members of our Caucus, but we do not support this bill.

I ask for a ``yes ``vote on my motion.

Mr. Speaker, I yield back the balance of my time.

9:16 AM EDT

Ann Kirkpatrick, D-AZ 1st

Mrs. KIRKPATRICK. Mr. Speaker, this is the final amendment to the bill, which will not kill the bill nor send it back to committee. If adopted, this bill will immediately proceed to final passage, as amended.

Mr. Speaker, this bill is fiscally irresponsible. It is an unpaid-for bill that costs $156 billion. When combined with the other six permanent tax extenders passed by Republicans on the Ways and Means Committee, the combined cost of all six bills is $310 billion. Not $1 of these bills is paid for, not $1 to offset the cost.

They do not close one special interest, corporate tax loophole to offset the cost of these bills.

The bill threatens so many critical programs that we care about. It threatens tax extender provisions that are not included, the new markets tax credit, the work opportunity tax credit for veterans, and renewable energy incentives.

The bill also threatens enhancements made to refundable tax credits for working families that expire in 2017, the child tax credit, the earned income tax credit, the American opportunity tax credit for education.

Republicans may have turned off, at the eleventh hour, the automatic spending cuts that would have resulted from passing this legislation after we called them out for it. What isn't done with one hand by them will be done with the other.

Republicans will add to the deficit. Let me make that clear. Republicans will add to the deficit and then automatically use that to push for harmful cuts elsewhere.

The Ryan budget lays out where the Republicans will make the cuts. They will make cuts to education, Head Start programs, and K-12 education. They will make cuts to medical research, such as the important work done by the National Institutes of Health.

On the other hand, medical research is one type of research that they seek to incentivize with this bill. On the other hand, they are cutting programs at the National Institutes of Health.

Do you get my drift here?

They will make cuts to Medicare, Medicaid, and other health programs to the tune of $2.9 trillion. They will make cuts to transportation, $52 billion.

This bill throws the Republican budget so out of balance--the first opportunity they have to go against their budget, they take it--they had to waive their own rules to make this bill work.

Chairman Camp made this provision permanent in his tax reform bill and paid for the provisions. He paid for it. The President made this provision permanent, and he has offsets to cover the cost in his budget.

We should have time to look and find common pay-fors and pass this bill in a fiscally responsible manner.

Again, I support the R&D tax credit, as do the vast majority of the members of our Caucus, but we do not support this bill.

I ask for a ``yes ``vote on my motion.

Mr. Speaker, I yield back the balance of my time.

9:20 AM EDT

Dave Camp, R-MI 4th

Mr. CAMP. Mr. Speaker, this economy isn't growing. Last quarter's GDP showed 0.1 percent economic growth. It is essentially flat.

Do we have any pro-growth ideas or policies coming from the other side? None. They seem to be happy with the way things are. But, frankly, Americans aren't. Americans think the country is going in the wrong direction. Americans think things aren't going to get better because--you know what?--they haven't been. Median incomes have been declining. So what we need to do is adopt something that is pro-growth.

This is a policy that has wide bipartisan support. Republicans and Democrats have long supported the research and development tax credit. Do you know why? Because it allows companies to innovate, to create and refine medical products that help extend and make people's lives better. It helps small companies like one in my home State of Michigan that actually makes footwear for our soldiers and men and women in harm's way, and they continue to refine that product as they meet difficult conditions

overseas.

We need to innovate and grow. Democrats 71 times voted to extend this provision, unpaid for. The President, when he was in the Senate, voted twice to extend the R&D credit without paying for it. The President, twice, as President of the United States signed legislation that twice extended this credit without paying for it.

Look, let's stop the charade. Let's be honest. This credit will be extended. Let's give businesses the certainty [Page: H4022]

they need, employers, so they can grow and invest and create jobs, so that everyone can get higher wages, so we can reverse this terrible trend of incomes declining.

Let's raise wages for everyone. Let's adopt a permanent R&D tax credit.

Vote against this motion and vote for the bill.

Mr. Speaker, I yield back the balance of my time.

9:20 AM EDT

Dave Camp, R-MI 4th

Mr. CAMP. Mr. Speaker, this economy isn't growing. Last quarter's GDP showed 0.1 percent economic growth. It is essentially flat.

Do we have any pro-growth ideas or policies coming from the other side? None. They seem to be happy with the way things are. But, frankly, Americans aren't. Americans think the country is going in the wrong direction. Americans think things aren't going to get better because--you know what?--they haven't been. Median incomes have been declining. So what we need to do is adopt something that is pro-growth.

This is a policy that has wide bipartisan support. Republicans and Democrats have long supported the research and development tax credit. Do you know why? Because it allows companies to innovate, to create and refine medical products that help extend and make people's lives better. It helps small companies like one in my home State of Michigan that actually makes footwear for our soldiers and men and women in harm's way, and they continue to refine that product as they meet difficult conditions

overseas.

We need to innovate and grow. Democrats 71 times voted to extend this provision, unpaid for. The President, when he was in the Senate, voted twice to extend the R&D credit without paying for it. The President, twice, as President of the United States signed legislation that twice extended this credit without paying for it.

Look, let's stop the charade. Let's be honest. This credit will be extended. Let's give businesses the certainty [Page: H4022]

they need, employers, so they can grow and invest and create jobs, so that everyone can get higher wages, so we can reverse this terrible trend of incomes declining.

Let's raise wages for everyone. Let's adopt a permanent R&D tax credit.

Vote against this motion and vote for the bill.

Mr. Speaker, I yield back the balance of my time.

9:20 AM EDT

Dave Camp, R-MI 4th

Mr. CAMP. Mr. Speaker, this economy isn't growing. Last quarter's GDP showed 0.1 percent economic growth. It is essentially flat.

Do we have any pro-growth ideas or policies coming from the other side? None. They seem to be happy with the way things are. But, frankly, Americans aren't. Americans think the country is going in the wrong direction. Americans think things aren't going to get better because--you know what?--they haven't been. Median incomes have been declining. So what we need to do is adopt something that is pro-growth.

This is a policy that has wide bipartisan support. Republicans and Democrats have long supported the research and development tax credit. Do you know why? Because it allows companies to innovate, to create and refine medical products that help extend and make people's lives better. It helps small companies like one in my home State of Michigan that actually makes footwear for our soldiers and men and women in harm's way, and they continue to refine that product as they meet difficult conditions

overseas.

We need to innovate and grow. Democrats 71 times voted to extend this provision, unpaid for. The President, when he was in the Senate, voted twice to extend the R&D credit without paying for it. The President, twice, as President of the United States signed legislation that twice extended this credit without paying for it.

Look, let's stop the charade. Let's be honest. This credit will be extended. Let's give businesses the certainty [Page: H4022]

they need, employers, so they can grow and invest and create jobs, so that everyone can get higher wages, so we can reverse this terrible trend of incomes declining.

Let's raise wages for everyone. Let's adopt a permanent R&D tax credit.

Vote against this motion and vote for the bill.

Mr. Speaker, I yield back the balance of my time.