House Proceeding on Apr 2nd, 2009 :: 0:09:45 to 0:10:55
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0:09:41 to 0:10:01( Edit History Discussion )

Peter A. DeFazio: in conclusion, god bless our troops and we will never forget september 11 and the global war on terrorism. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from oregon rise? mr. defazio: to address the house for one minute. the speaker pro tempore: without objection, the gentleman is recognized. mr. defazio: well, after doubling the national debt under the failed leadership of

0:09:45 to 0:10:55( Edit History Discussion )
Speech By: Peter A. DeFazio

0:10:02 to 0:10:25( Edit History Discussion )

Peter A. DeFazio: george bush, the republicans unveiled their budget alternative yesterday, very appropriately on april 1, april fools' day. now, there's a presense that -- pretense that they're going to restore fiscal res through tax freeze. bridges falling down, veterans need services, budt's frozen. well, it's frozen sort of. there's another part that's not. after the smoke and mirrors are

0:10:26 to 0:10:46( Edit History Discussion )

Peter A. DeFazio: put up, their real agenda comes through which is more tax cuts for the wealthy. here's the amazing thing, they're going to eliminate all taxes on capital gains so people who invest for a living don't have to pay taxes. we made that argument before. think of it. it's so beautiful. the hedge fund managers who average $260 million each year last year creating toxic assets

0:10:47 to 0:10:55( Edit History Discussion )

Peter A. DeFazio: that are destroying our economy claim that their income is carried interest which is capital gains. so the henl fund managers who put our -- hedge fund managers