mr. rangel: thank you, madam ranking member. i come to the floor opposing the rule only because there's a provision in it that indicates that delegates from all over the globe will not be allowed to exercise any of their voting privileges that they had earlier. and when my friend mr. dreier the chairman -- the distinguished chairman of the committee indicated it was all symbolic, i just would hope that if we do get a chance to pull this out o the package and perhaps vote on this in a separate way, that you might see your way clear to understand at these americans and citizens who volunteer and fight for this great country and support our flag and in many cases have per capita more of their young people killed in action and wounded in action than those of us on the mainland, that i think it deserves a better classification than to say that it's respecting their friends and hard working and it's symbolic. mr. dreier: would the gentleman yield for one second? i will simply say i was quote mr. faleomavaega and mr. hoyer when they us

mr. rangel. the speaker pro tempore: the gentleman from new york is recognized for one minute. mr. rangel: thank you, madam ranking member. i come to the floor opposing the rule only because there's a provision in it that indicates that delegates from all over the globe will not be allowed to exercise any of their voting privileges that they had earlier. and when my friend mr. dreier the chairman -- the distinguished chairman of the committee indicated it was all symbolic, i just would hope that if we do get a chance to pull this out of the package and perhaps vote on this in a separate way, that you might see your way clear to understand that these americans and citizens who volunteer and fight for this great country and support our flag and in many cases have per capita more of their young people killed in action and wounded in action than those of us on the mainland, that i think it deserves a better classification than to say that it's respecting their friends and hard working and it's symbolic. mr. dreier: would the gentleman yield for one second? i will simply say i was quote

mr. rangel. the speaker pro tempore: the gentleman from new york is recognized for one minute. mr. angel: thank you, madam ranking member. i come to the floor opposing the rule only because there's a provision in it that indicates that delegates from all over the globe will not be allowed to exercise any of their voting privileges that they had earlier. and when my friend mr. dreier the chairman -- the distinguished chairman of the committee indicated it was all symbolic, i just would hope that if we do get a chance to pull this out of the package and perhaps vote on this in a separate way, that you might see your way clear to understand that these americans and citizens who volunteer and fight for this great country and support our flag and in many cases have per capita more of their young people killed in action and wounded in action than those of us on the mainland, that i think it deserves a better classification than to say that it's respecting their friends and hard working and it's symbolic. mr. dreier: would the gentleman yield for one second? i will simply say i was quote m

mr. rangel and i had a discussion and we're now going to move to two minutes per member. with that, mr. lee is recognized. >> thank you, mr. chairman. in shortness of time, i will just make a brief statement. but really what i heard here today and as a former businessman, the -- what we hear with regards to the tax code does not bring a lot of confidence for businesses to want to invest in this country with all things being equal. with regards to labor, the cost of building a facility when you have this differential in tax code, it is mind-boggling, and ms. olson talked about 6.1 billion hours with regards to compliance costs. the only area of this economy where i know we spent more time is debating health care. so that is a frightening number because that is a cost that is an impediment on job growth in this country. some of the recent statistics, "wall street journal" just a few weeks ago, literally $2 trillion in liquid assets are sitting on the sidelines primarily because of the fault we do not have enough certainty. our tax code over the last decade literally 10 years ago, very few

mr. rangel is recognized for five minutes. >> thank you, mr. chairman. and let me take this panel for sharing, especially those who work every day in dealing with employees. tell me, both as you, and certainly the chamber advocating repeal of the law that the president signed come is that correct? >> yes, it is. >> and you don't have a plan that you are recommending. strike that. do you think we're better off off without any changes in the law than to enforce or to amend the existing law? >> i could say from my vantage point, the small business owner, i look at it as action reaction. what congress has passed, i've seen far more significant negative reaction to any positive that this will bring to my employees. >> i can understand that, but my question, and i don't have any experience at all in hiring employees, is that as a businessman, and i know you can't speak really on this issue, mr. womack, but for yourself and your visitors, you would rather see the government just stay out of it rather than to amend or try to correct the existing law, is that you

mr. rangel. mr. rangel: no state shall, without the consent of congress, lay any duty of tonnage, keep troops, or ships of war in time of peace, enter into any agreement or compact with another state, or with a foreign power, or engage in war, unless actually invaded, or in such imminent danger as will not admit of delay. mr. goodlatte: i now yield to the gentlewoman from new york, ms. hayworth. ms. hayworth: article 2, section 1, the executive power shall be vested in a president of the united states of america. he shall hold his office during the term of four years, and, together with the vice president, chosen for the same term, be elected, as follows -- mr. goodlatte: i now yield to the gentleman from new jersey, mr. payne. mr. payne: each state shall appoint, in such manner as the legislature thereof may direct, a number of electors, equal to the whole number of senators and representatives to which the state may be entitled in the congress, but no senator or representative, or person holding an

mr. rangel. mr. rangel: no state shall, without the consent of congress, lay any duty of tonnage, keep troops, or ships of war in time of peace, enter into any agreement or compact with another state, or with a foreign power, or engage in war, unless actually invaded, or in such imminent danger as will not admit of delay. mr. goodlatte: i now yield to the gentlewoman from new york, ms. hayworth. ms. hayworth: article 2, section 1, the executive power shall be vested in a president of the united states of america. he shall hold his office during the term of four years, and, together with the vice president, chosen for the same term, be elected, as follows -- mr. goodlatte: i now yield to the gentleman from new jersey, mr. payne. mr. payne: each state shall appoint, in such manner as the l lislature thereof may direct, a number of electors, equal to the whole number of senators and representatives to which the state may be entitled in the congress, but no senator or representative, or person holding an

mr. rangel is the highest ranking.ng-run economic impact of financial crises. they find that one can expect to have slower growth for a good one. after a financial crisis, perhaps as long as a decade. and if we have the typical experience of an economy after a severe financial crisis, will grow 20% lower and the unemployment rate eight years from now will be present. this is unacceptable outcome to everyone, but i noted at the outset this is a medium-term problems in a short-term stimulus is of little use. more fundamental changes must be considered commotions why celebrate this hearing. the first part of my testimony to the complexity of the tax code and provides a chart of the marginal tax rates under the current system that have all the phaseouts of the different target attack policies and shows that the marginal tax rate as we go up with income goes up and down sort of like a city skyline. progressive figure tax rates increase with income and others favor incomes and i don't think anybody thinks the marginal tax ra

mr. rangel. mr. rangel: no state shall, without the consent of congress, lay any duty of tonnage, keep troops, or ships of war in time of peace, enter into any agreement or compact with another state, or with a foreign power, or engage in war, unless actually invaded, or in such imminent danger as will not admit of delay. mr. goodlatte: i now yield to the gentlewoman from new york, ms. hayworth. ms. hayworth: article 2, section 1, the executive power shall be vested in a president of the united states of america. he shall hold his office during the term of four years, and, together with the vice president, chosen for the same term, be elected, as follows -- mr. goodlatte: i now yield to the gentleman from new jersey, mr. payne. mr. payne: each state shall appoint, in such manner as the l lislature thereof may direct, a number of electors, equal to the whole number of senators and representatives to which the state may be entitled in the congress, but no senator or representative, or person holding an

mr. rangel and i had a discussion and moving to two minutes per member. mr. lee is recognized. >> thank you, mr. chairman. in shortness of time, i'll make a brief statement. what i've heard here today and as a former businessman and what we hear from taxes and for businesses to invest in the country with all things being equal, with regard to labor, building the facility, when you have to differential in the tax code, it's mind boggling. she talked about 6.1 billion hours with regards to come pliebs cost. the only area of the economy where we spent more time is debating health care. that is a frightening number because that is is cost that is an impediment on job growth in this country. some of the recent status fibbings, "wall street journal" literally $2 trillion in liquid assets are on the sideline primarily because of the fault we do not have enough certainty. our tax code over the last decade literally 10 years ago there were few pieces of tax legislation considered temporary. today, that number has grown exponentially therefore making decisions on long

mr. rangel. the speaker pro tempore: the gentleman is recognized for two minutes. mr. rangel: thank you so much. i wish when the dust settles and we have an opportunity to sit together with our republican friends that wean come up with a reform called truth in advertising as we label these bills. what was a national bill, it's been signed into law, now is being referred to as the democrat, obamacare, job-killing threat to your natural life bill, and of course this is misleading perhaps to a lot of new members because they should know as the listeners to this debate should know that this ain't repealing nothing. it's an obligation that some people feel they made to their constituency who elected them who thought perhaps that's all you had to do was put in a bill. but under two minutes i can't get into this how to repeal a law but it starts off with a vote in the house, then you have to get a vote in the senate, and then you have to override a veto by the president of the united states. so if this is done for political reasons, i have always been able to find some good, n

mr. rangel. mr. rangel: no state shall, without the consent of congress, lay any duty of tonnage, keep troops, or ships of war in time of peace, enter into any agreement or compact with anothestate, or with a foreign power, or engage in war, unless actually invaded, or in such imminent danger as will not admit of delay. mr. goodlatte: i now yield to the gentlewoman from new york, ms. hayworth. ms. hayworth: article 2, section 1, the executive power shall be vested in a president of the united states of america. he shall hold his office during the term of four years, and, together with the vice president, chosen for the same term, be elected, as follows -- mr. goodlatte: i now yieldo the gentleman from new jersey, mr. payne. mr. payne: each state shall appoint, in such manner as the l lislature thereof may direct, a number of electors, equal to the whole number of senators and representatives to which the state may be entitled in the congress, but no senator or representative, or person holding an offi

conyers, rangel, stokes, mitchell, chissm, jordan, clay, hawkins, nick, met calf, collins, digs, and front roy. these are the heroes of our political history. [applause] mrairman, mr. chairman, thank you very much. they were courtiers who practiced state craft at a level which brought about socio political change that laid the foundation to make the promise of america the practice of america. and we will devotedly and unwaiveringly follow their example of bold and prophetic work. as the incoming chair of the c.b.c., there is great hope that i will, as every chair before me, move forward the uncompromised agenda of this body. to the chairs whom i have observed since my election to congress a mere six years ago, elijah cummings, mel wat, chairladien kill patrick and my tutor, oakland, california's barbara lee. please know that i will not allow pride to prevent me from imitating the best that i have seen in each of you. whom i consider the vastness of the challenge ahead, i can't help but chant the prayer of the old fisherman when he took his little craft up on the ocean. he prayed, oh, my god, my boat is so small and the sea is so great. nevertheless, all

heart to beating faster, conyers, rangel, jordan, clay, hawkins, knicks, metcalfe, collins, diggs, and roy. these are the hero was our political history. [applause] >> mre] >> they were courtiers who practiced state craft at a level which brought about sociopolitical change that laid the foundation to make the promise of america the practice of america. and we will devotedly and unwaveringly, follow the example of bold and prothetic work. as the incoming chair of the cbc, there's great hope that i will as every chair before me, move forward beyond compromise agenda of this body. to the chairs whom i've observed since my election to congress, a mere six years ago elisha cummings, and oakland's barbara lee. please know that i will not allow pride to prevent me from imitates the best of what i have seen in each of you. [applause] >> when i consider the vastness of the challenge ahead, i can't help but chant the prayer of the old breaton fisherman when he took his craft up on the ocean. he prayed oh my god, my boat is so small, and the sea is so great. nonetheless, all anxiety is cast away from the flaming of the lamps of my 42 colleagues. we're at a criti