House Proceeding 05-05-09 on May 5th, 2009 :: 4:20:40 to 4:23:25
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4:20:36 to 4:20:58( Edit History Discussion )

Bob Inglis: my entrepreneurship and my willingness to put myself anmy capital at risk. i yield to the gentleman. mr. inglis: i thank the gentleman for yielding. what you've been describing here, i think, as the gentleman from california really started us off with this idea of what we deeply believe, our faith, really gives us a concept of respect for individual rights and the need to protect those rights.

4:20:40 to 4:23:25( Edit History Discussion )
Speech By: Bob Inglis

4:20:59 to 4:21:20( Edit History Discussion )

Bob Inglis: and then we talk to -- we've talked about the dignity of work and protecting and affirming that dignity through the rule of law and the gentleman from illinois was just mentioning that. and that lads us to policies and these all flow from that deal well of what we really deeply believe and then it comes up to the surface level of instant policy or the policies

4:21:21 to 4:21:44( Edit History Discussion )

Bob Inglis: of today, the policy questions of today. . one thing we need to answer is it possible for our children to live a better life economically than we had, i thi the answer is yes. as long as we do what we know works. and that is to have a system of taxation that is not conphysical

4:21:45 to 4:22:06( Edit History Discussion )

Bob Inglis: can torrey -- confiscatory, that allows you to keep the rewards of your work, taxes relatively low. you want to keep regulation relatively light and effective. not burdensome, not a gotcha, but rather calculated to produce results that are reasonable and light touch.

4:22:07 to 4:22:27( Edit History Discussion )

Bob Inglis: and then got to reduce litigation somehow so that there is some way -- there's some certainty that you will not lose it, lose what you have done by becoming somehow the guarantor of someone else's outcome. you can't ask somebody else to be the guarantor of their -- to guarantee their outcome.

4:22:28 to 4:22:50( Edit History Discussion )

Bob Inglis: if you do that, we end up with too much litigation and the result is that people move productive capacity away from a developed nation to an undeveloped nation. ey decide, we'll go take our risk with a less established rule of law because in the developed country, which had this rule of law, you now have

4:22:51 to 4:23:12( Edit History Discussion )

Bob Inglis: such high taxation, regulation, litigation it's too much risk for us. we are not going to get the reward. so for us really what it is a matter of figuring out -- to answer that question whether our children's future can be brighter than ours, the answer is yes if we -- the top level here, what bubbles up to policy

4:23:13 to 4:23:25( Edit History Discussion )

Bob Inglis: f. we keep taxes relatively low, keep regulation relatively light, and we keep litigation down, the result will be people will want to do business here and there will be opportunities