A picture of Representative John K. Delaney
John D.
Democrat MD 6

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  • No Budget, No Pay Act of 2013

    by Representative John K. Delaney

    Posted on 2013-01-23

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    DELANEY. There's more cash in U.S. corporations than there's ever been in our country's history. Corporations have three things they can do with their cash: They can raise their dividends; they can buy back stock; or they can make investments.

    To make investments, which require a long-term time horizon, there needs to be certainty. If we care about American families, if we want our corporations to make investments that will create jobs, we will have certainty on the debt ceiling for a reasonable period of time and we will create fiscal certainty in this country in a balanced way. By ``balanced,'' I mean additional revenues. That's what will create certainty in this country. That's what will get U.S. corporations investing.

    If U.S. corporations invest, we create jobs, and that helps working families.

    Mr. CAMP. I reserve the balance of my time.

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