Speech on U.S. Economy and Job Creation at the Center for American Progress Action Fund

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Transcript: 

Unidentified Speaker
TO CREATE HIGH-QUALITY JOBS AND PROMOTE LONG-TERM ECONOMIC GROWTH. A GALLUP POLL RECENTLY FOUND THAT MORE THAN HALF OF AMERICANS SURVEYED ACROSS ALL POLITICAL...
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ALL RIGHT, WELL, THANK YOU. I WILL START WITH JUST ONE QUESTION, AND THEN I WILL OPEN IT UP TO THE AUDIENCE. I WILL ASK THE FIRST ROUND OF QUESTIONS, IF...
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IN 2011 AND 2003, -- 2001 AND 2003, THE REPUBLICANS PUT IN A POLICY THAT CUT TAXES BUT REINSTATED THEM THE NEXT YEAR SO THAT THEY WOULD GO UP. WE BELIEVE...
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IT TO BRING THE MICROPHONE TO THE FRONT ROW. THANK YOU. IDENTIFY YOURSELF.
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REUTERS. HE SAID THAT THE HOUSE WILL DO THE MIDDLE-CLASS TAX CUTS FOR ONE YEAR. CAN YOU TALK ABOUT THE SIGNIFICANCE OF ONE YEAR?
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I DON'T THINK I SAID ONE YEAR. THAT HAS NOT BEEN DECIDED -- DID I SAY IT IN MY SPEECH?
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YOU SAID IT FOR THE NEXT YEAR.
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CERTAINLY FOR THE NEXT YEAR, BUT NOT NECESSARILY JUST --
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NOT JUST FOR ONE YEAR --
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THAT IS IN DISCUSSION. THE SENATE WILL PROBABLY MOVE FIRST, AND WE WILL SEE WHAT THE SENATE DOES IN TERMS OF TIME FRAME. WE WANT TO MAKE IT VERY CLEAR...
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SO YOU OUGHT NOT MADE A DECISION --
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NO, THAT IS STILL IN DISCUSSION.
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WILL IT BE BEFORE OR AFTER THE ELECTION?
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WE ARE WAITING FOR THE SENATE TO ACT FIRST AND WE ARE WAITING TO SEE WHEN THEY ACTED WE HAVE ONE WEEK TO GO BEFORE THE AUGUST BREAK. WE WILL SEE WHAT THEY...
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ALSO, AT MEDIA -- RED STRAP.
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I JUST WANTED TO FOLLOW UP ON THE MANUFACTURING AND IT'S YOU WERE TALKING ABOUT. -- MANUFACTURING IN ASIA TO SEE YOU ARE TALKING ABOUT. IT SEEMS LIKE THAT...
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YOU MEAN SIMPLY ACROSS THE BOARD?
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YES. ON MANUFACTURING IN PARTICULAR, HOW DO YOU EXPLAIN TO SOMEONE THAT THESE BILLS OF THEIR CHANCE OF BECOMING LAWS THIS YEAR?
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WE BELIEVE THAT, FIRST OF ALL, WE HAVE INVESTED A GREAT DEAL OF MONEY IN BUILDING OUR ECONOMY. WE THINK WE HAVE HAD PROGRESS ON DOING THAT. I MAKE THE...
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ONE MORE MEDIA QUESTION, PLEASE.
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"CHINA TRADE EXTRA." YOU HAVE ANTICIPATED MY QUESTION.
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HE HAS GOT A SIGNAL.
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I DID -- THE TIME THE CURRENCY BILL -- CHINA CURRENCY BILL IS GOING TO HAVE A HEARING, BUT IS THERE ANY DOUBT IN YOUR MIND THAT THIS LEGISLATION FULLY...
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THERE IS GOING TO BE A HEARING. CLEARLY, AS I SAID, WE NEED A LEVEL PLAYING FIELD. WE ARE PREPARED TO COMPETE WITH ANYBODY IN THE WORLD, BUT WE CANNOT...
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LAST YEAR, SOMEONE ASKED IF THIS WAS ELECTION POLITICS. LAST YEAR, REPRESENTATIVE -- I RAN INTO YOU ON THE HILL AND ASKED YOU ABOUT AND IT IN AMERICA....
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AND NUMBER OF PIECES OF LEGISLATION DEALS SPECIFICALLY WITH DEFENSE -- A NUMBER OF PIECES OF LEGISLATION DEALING SPECIFICALLY WITH DEFENSE PRETTY INSECURE...
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THE SINGLE MOST CYNICAL THING THAT THE REPUBLICANS DID ON TAX CUTS WAS THE HANDLING OF THE ESTATE TAX. THE INCREASE THE EXEMPTION, HELPING SMALL BUSINESSES,...
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CONGRESSMAN, AS YOU KNOW, I BELIEVE WE SHOULD, MUST COME AND WILL ACT. THE CONGRESS -- THE HOUSE ACTED LAST YEAR TO CONTINUE THE 2009 RATES OF 3.4 & AND...
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THIS WILL BE OUR LOT BROUGHT -- FROM PAYING THAT ESTATE TAX.
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THIS WILL BE OUR LAST QUESTION.
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THANK YOU FOR YOUR COMMENTS, STENY HOYER. I AM WITH THE NATIONAL ASSOCIATION OF MANUFACTURERS.
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THANK YOU FOR YOUR HELP WITH THE BUILD THIS WEEK.
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THAT WAS QUITE A VICTORY. THANK YOU.
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YOU ENCOURAGED A NUMBER OF REPUBLICANS TO REFLECT AND CHANGE THEIR VOTE. WE HAD A REALLY GOOD VOTE. THAT WAS GREAT.
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THANK YOU FOR RECOGNIZING THAT. THE MANUFACTURERS RELEASED A MANUFACTURING STRATEGY LAST MONTH WITH THREE SIMPLE POINTS. UNITED STATES OUGHT TO BE THE...
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I DO NOT WANT TO AND DISSIPATE -- ANTICIPATE THAT. MY OWN VIEW IS THAT WE NEED TO MAKE IT RETROACTIVE. WE HAVE ADOPTED STATUTORY PAY-GO KID WHEN THE REPUBLICANS...