mr. brady: i reserve the balance of my time. e speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from north dakota. mr. pomeroy: mr. chairman, i referenced the earlier know tation from the farm bureau that carryover basis established in this capital gains exposure falls particularly hard on family farmers and ranchers. with that i yield my friend and colleague, shelly berkley, from las vegas, two minutes. the speaker pro tempore: the gentlelady is recognized for two minutes. ms. berkley: i thank you, mr. speaker. i thank the gentleman from north dakota for yielding. the bill we are considering this afternoon is not my chosen option. while i will vote for this bill, i don't think it goes far enough, nor is it a truly permanent solution. yesterday at the rules committee i offered an amendment that would have raised the estate tax exemption and reduced the rate, creating a sensible, stable, and most importantly a permanent framework to help families and businesses effectively plan for the burden of t

mr. brady: i yield back. the speaker pro tempore: the gentleman yields back the balance of his time the gentleman reserves. the gentleman from massachusetts is recognized. mr. neal: let me yield two minutes to the very important member of the ways and means committee, the gentlelady from nevada, ms. berkley. the speaker pro tempore: the gentlelady from nevada is recognized for two minutes. ms. berkley: i thank you, mr. speaker. i thank the gentleman who is doing a remarkably good job in spite of the misinformation on the other side of moving this bill along. i rise in support of this legislation to extend expiring tax provisions. it is very important that congress pass this bill this year. allowing these provisions to expire would amount to a tax increase at a most challenging economic time in our -- for our nation's businesses and families. waiting to enact an extension retroactively would add to the already uncertain business climate and make tax planning all the more difficult for companies and individuals

mr. brady: i yield myself 30 seconds. while i disagree with some of the assertions i very much appreciate the work that mr. pomeroy has done on this bill. it's an issue that concerns so many of us. i hope we can come together on a bipartisan compromise that can pass this house and for many of us whose our goal is full and permanent repeal of the death tax, i hope to work with him as well. with that i yield back the remainder of his time. the speaker pro tempore: the gentleman from north dakota. mr. pomeroy: i yield back the balance of my time. the speaker pro tempore: the gentleman from north dakota yields back. pursuant to house resolution 941, the previous question is ordered on the bill. the question is on engrossment and third reading of the bill. those in favor say aye. those opposed, no. the ayes have it. third reading. the clerk: a bill to amend the internal revenue code of 1986 to repeal the new carryover basis rules in order to prevent tax increases and the imposition of compliance burdens on many more estates tha

mr. brady: thank you, madam speaker. it is interesting to hear our democrat friend's newfound interest in paying for the war. that hasn't always been the case. here's what the current majority leader said on this house floor in 2004 when the debt limit was proposed to be raised and we were at war. now majority leader mr. hoyer said, raising the debt limit is immoral. this is disastrous consequence will cripple our future prosperity and hock future generations. this policy of sorrow and spend is not only irresponsible, it is immore and it -- immoral and it must stop. we are literally mortgaging our future. this is their words. not ours. the truth of the matter is, what we are voting on today is a down payment. a $2 trillion increase in our debt. two-step, $2 trillion increase in our debt. what it means for american families is that the day nancy pelosi took the gavel to become speaker of this house, every man, woman, and child in america owed $29,000 in debt. today as a result of this vote and next year's debt limit, ever

mr. brady: mr. speaker, i ask unanimous consent that all members may have five legislative days to revise and extend their remarks on h.r. 3224. the speaker pro tempore: without objection. mr. brady: h.r. 3224 would authorize $4 million in fiscal 2010 for the smithsonian institute to plan, design, construct a vehicle maintenance building in maryland. our committee reported the bill unanimously. the new building would absorb the vehicle maintenance functions for the entire complex in the washington area. they are currently performing in constricted and dysfunctional space at the general services building within the national zoo in northwest, washington, d.c. the vehicle's functions which covers the maintenance, repair, and fueling of 780 smithsonian-owned vehicles and pieces of of equipment are not compatible with the surrounding environment at the zoo and would be better served at the suitland facility which has more space and is isolated from the public access. this space being vacated, the zoo wou

in the chair recognizes mr. brady. >> thank you, madame chairwoman.d the recession four months later. these include the federal reserve's all early accommodative monetary policy from 2002-2006. international imbalances -- and president clinton's initiative to increase homeownership among low-income families by reducing down payment requirements and making turns more flexible, increasing the availability of alternative financing products. without any consideration for the ability of low-income families to meet their non- traditional mortgage obligations, as well as a continuation of this policy by george w. bush. to extort banks to make large numbers of risky, subprime residential loans to low-income families. and finally, and adequate supervision of the alternative financial system based on loan securitization and highly leveraged non-depository financial institutions, especially fannie mae and freddie mac. banks perform the economically valuable but inherently risky function of intermediation in liquidity transformation by accepting deposits payable

and of course, very famously in that exchange, the other the gentleman from texas, mr. brady encouraged the secretary to resign. i didn't think he should resign. he shouldn't have been hired in the first place. not only does he not know how to fill out his tax returns, he doesn't know what makes this country great. i appreciate the gentleman letting me be here. i appreciate you being here. these next couple of days are going to be extremely important. and the american people do need to be engaged and do need to be paying attention and do need to be responding to the clues -- cues being given to them by the gentlemen in the other body. mr. king: i thank the gentleman from texas and reclaiming my time. it strikes me that the secretary of treasury is a natural-born citizen and not naturalized citizen. there are flash cards made available by the united states citizenship immigration services. the stack of these cards to train with so you can learn to pass the naturalization test. and these flash cards will say, when was the declaration of independence signed? flip it over to the

mr. brady? >> thank you, mr. chairman. welcome commissioner hall. the number of jobs lost is better than expected, which is good news. but we can't celebrate a 10% unemployment rate, especially when the long-term unemployment rate continues to grow in very troubling numbers. our economy continues to bounce along the bottom. retail was up slightly. temporary jobs were up slightly and health care, of course, continues to add jobs. but key sectors, manufacturing, construction and this month, information technology telecommunications shed jobs which i'll be asking you about, commissioner hall as well, because on the telecom side that surprised me a bit. i was pleased to see the president host a jobs summit. i still think there's a disconnect. as i listen to proposals from government spending, another $300 billion stimulus, too, the truth is the greatest hurdle to our recovery continues to be businesses reluctant to add new workers with washington contemplating higher health costs, more regulation and taxes. congress and this white house are frightening

mr. brady: thank you, madam speaker.e long been a supporter of our preference programs because they allow valuable inputs into the united states duty free, helping our manufacturers and their employees. at the same time the trade preference programs are important tool to help developing countries break into the international market. over many years, congress has worked on a bipartisan basis to develop trade preference programs that will provide a vital economic boost to many developing countries. but effective trade preferences are just one step on the developing country's journey to become a player on the international market which they receive through trade agreements with the united states. chile, sing apour and others -- singapore and others gave them full duty-free access to the u.s. market. this is a significant benefit over the partial temporary access provided by our preference programs, giving a strong signal that it -- reciprocal trade is obvious. american workers and businesses are given a level playing field

mr. speaker. a constituent statement by judy brady of texas, district 31, on health care reform. i received this and i wanted to read it to the rest of the congress. you tell us that the government needs to control health care because the government can administer programs more cheaply and fairly than the private system. of course, recent studies show that nearly 10% of all medicare payments are fraudulent. why should we believe that government can do a better job with the entire nation's health care system than it already does with medicare? we ask you to leave health care in the hands of doctors and patients and that you help drive down the cost of insurance so that more of us can be covered. give us nationwide competition between insurance -- private insurers, allow us tax deductions for insurance we purchase and promote tort reform. don't force us into a government system that will cost us more and cover us less. i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. for what purpose does the gentlelady from pennsylvania rise? mrs. dahlkempe