American Research and Competitiveness Act of 2015by Representative Danny K. Davis
Posted on 2015-05-20
DAVIS of Illinois. Mr. Speaker, I want to thank the
gentleman from California for yielding me time. I also want to thank
Representative Brady for his characterization of my State, the State of
Illinois, as being research driven, and indeed it is. I am also proud
to know that, from the time I have been here, I have always been number
one or number two in our delegation of supporting research, so I am
It amazes me how much doubletalk we engage in. We talk a great deal about deficit reduction and reducing spending, and yet, at the same time, we are passing a bill that is not paid for while we cut greatly needed programs and activities that could give balance to individuals all over the country who are just simply trying to survive and to make it, activities like Medicaid and SNAP.
In my communities and in many others throughout America, we are struggling right now with the idea of how do you develop summer work opportunities for young adults so that we could [[Page H3417]] have a real attack on some of the rash of violence and activity that we see approaching and being engaged in throughout urban America.
I have always been in favor of research and development, and I have always been in favor of using tax incentives as a way of spurring economic development and stimulating the economy. But, you know, I am also interested in passing credits. I am interested in credits for businesses. We have talked about businesses. Well, let's pass some credits so that businesses can hire hard-to-employ individuals, so that they can hire these young people looking for summer jobs, for something to do.
So I am in favor of credits, but I am not in favor of a bill that is not paid for, a bill that will not be comprehensive across the board, and a bill that will put more wealth in the pockets of the 1 percent and do nothing to aid the overall economy.