Hoyer Speaks on 'Make It In America' Agenda on House Floor

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mr. Hoyer, this is your concept of using this term make it in america. would you share with us how this is moving along? mr. Hoyer: well, i thank the gentleman from california. mr. garamendi has been as faithful in bringing before the congress the make it in america agenda. of course, the gentlelady from illinois pointed out it means two things that we're going to succeed, we are going to grab opportunity. we are going to expand our quality of life. we are going to make it, in other words, and we are going to make it in america. we are going to manufacture it in america. we are going to grow it in america and sell it here and across the world. we can compete with anybody in the world, frankly, given the proper environment. and i've talked to numerous members of the corporate community. i've talked to labor. i've talked to the national association of manufacturers. and we are going to prosue this make it in america agenda because americans know that we need to be focused on jobs, on expanding opportunity and providing for good wages and good benefits for working american families so they can provide a good life for themselves and their families. and as a consequence of doing so we'll create communities and states and a nation which will be and continue to be the envy of the world. democrats believe, mr. garamendi, that when more products are made in america more families will be able to make it in america, as i said. that's why we worked hard since the last congress to advance the make it in america agenda. nobody has worked harder than you have to do that. a legislative agenda that helps create conditions for american companies to stay here, innovate here and create jobs here. when more products are made in america more families have access to well-paying middle-class jobs. and when more products are made in america we are able to turn expertise and manufacturing them into the new products and new industries of the future. make it in america is about creating middle-class opportunity and about keeping america's innovators here. and keep our innovative age. mr. grove, who was the head of -- who founded intel, made the observation that the problem that we have in america today is we are still the inventive center of the world. we're still the innovative and development center of the world, but too often what we're doing is taking the product we're developing and taking them to scale overseas. his proposition is, and i think andy grove is absolutely right on this, if you continue to to that the inveptors, innovators and developers will move to where the product is being taken to scale. the president of dell recently wrote a book named, by the way, in january -- the publishers named it in january, and the name of that book is "make it in america." smact, i think i am going to get copies of that -- as a matter of fact, i think i am going to get copies of that for our members. president obama signed seven pieces of make it in america legislation last year. it helps small business owners with tax cuts, grow and create new jobs and strengthen science, technology, engineering and mathematics education, most of which is on your poster there. one thing i will add, i will say to my friend, and i'm not sure where you want to edit, but regulatory policy is going to be critical. and what i have said is that in the last administration the financial community got way out of hand. why? we took the referee off the field. we need to put the referee back on the field but make sure the referee doesn't get in the way of the game being played within the rules. that's critical nature. some people want to take the referee off the field and forget about the environment. some people want to take the referee off the field and forget about their wages. some people want to take the referee off the field and not worry about a safe working place. all of those things are important. but it's important to make sure that within the rules, and we can do so profitably in america. i talked to one at ford. whirlpool has brought things back. g.e. has brought enterprises back. they still have some offshore. they have brought some back. the proof in the pudding is foreign manufacturers have come to the united states and exporting their cars to other places. they are making them here but exporting. it shows that you can make it in america and do so profitably. we are going to have some more make it in america legislation. this is not a partisan agenda. there isn't a republican that doesn't want to make sure that america doesn't make it in america. but we haven't, frankly, in the first three months of this session. we are about to leave. we will have taken up january, february and march and not focus on jobs. as a matter of fact, as the gentleman knows, the only thing we've done is pass h.r. 1, which mr. zandi, john mccain's advisor, says will cost us 700,000 jobs. so i am hopeful we can pursue in a bipartisan basis the make it in america agenda, expand our manufacturing capability, grow those jobs that pay well and provide good benefits and make america the kind of country it has been, is now and we want to be in the future. and i thank the gentleman for yielding and i thank him for focusing america's attention on this critical agenda. mr. garamendi: i thank you very much, mr. Hoyer, and we thank you for your leadership on this entire agenda because this is about middle-class america. this is the middle-class america that was rapidly disappearing over the last 15 to 20 years as we exported american manufacturing jobs. your agenda, the make it in america agenda, brings those jobs back to america. i will note there are a couple pieces of legislation that you could add to that list. one of them was -- mr. Hoyer: these are, of course, the ones that we have already passed and have been signed into law. you have a very important piece of legislation. geary geary i will come to the future but i -- mr. garamendi: i will come to the future but i will add one to the past. it is one legislation that we passed last december without any republican votes. there was a provision that gave to every business in america the opportunity to immediately write off against their taxes 100% of the capital investment. so if they wanted to expand their business they could write off immediately, not depreciate over several years, but immediately. not a republican vote for that. there is also in that piece of legislation a -- actually in a previous piece of legislation a tax provision. one of the things we talk about here in our agenda that would eliminate a tax break that american corporations had when they offshored a job. when they sent a job offshore, american corporations received about $12 billion of tax breaks every year. we go, what's that about? well, we eliminated it. again, we had no help for our friends on the republican side. so our agenda started way before this year. we are going to carry it forward with your leadership and we got an agenda here of seven different elements in that, tax policy being one of them. thank you so very much for your leadership on this. mr. Hoyer: i thank you for yielding again but simply say thank you for your leadership. you have been one of the most faithful, effective and articulate spokesperson for middle and working americans. mr. garamendi: you're kind but mr. tonko has been here this entire time. thank you very much, mr. Hoyer.