The impact on job creation is going to be devastating, and the American young people in particular will suffer a fairly substantial deferment of their lives because there simply won't be jobs for the next two to three years to go around to our young graduates across the country.
Clearly, this is a job-killer in the short-run. The revenues forecast for this budget will not materialize; the costs of this budget will be greater than what is forecast. The deficit will be worse, and it is not a good omen for the American economy. The impact on job creation is going to be devastating, and the American young people in particular will suffer a fairly substantial deferment of their lives because there simply won't be jobs for the next two to three years to go around to our young graduates across the country.
About the only positive environmental impact this tax package will produce is that in destroying 400,000 American jobs, there will be fewer commuters driving their cars to work each day! Between the Clean Air Act and this proposed tax, this country will lose almost 20 percent of its refinery capacity by the end of the decade. In addition to the refinery problem, the tax is punitive to clean fuels, providing little incentives for industries to switch to more environmentally sound fuels like natural gas.”
After careful analysis, I decided that I could not support this package. It goes too far in raising taxes and not far enough in cutting spending….I fear that this package, if enacted as passed by the House, will come back to haunt all of us because of its emphasis on taxes over spending cuts. We must not abandon the more fiscally responsible, new Democrat approach on which we were elected.
President Clinton touted his new ‘family leave’ bill, sold as free time off to care for children. It turns out the employers of 50 or more covered by the bill have to pay medical care during the leave. At an average cost of $2,000 for the leave, it is not surprising that a Gallup study for the National Federation of Independent Business, found that half of the businesses said they would be reluctant to hire young women under the law, would try to replace low-skilled jobs with machines, and would trim other benefits.
As a result, even though the Clinton proposal contains a very steep increase in the nation's tax burden, the actual amount of money the government collects may fall if enough workers lose their jobs and the taxable incomes of individuals and businesses decline.
Recycling itself can cause environmental harm...As a result, the environmental costs of recycling may exceed any possible environmental benefits.
The family-leave bill is another example of the crass hypocrisy that afflicts the leisured class on Capitol Hill. Its champions sanctimoniously call it ‘pro-family,’ but it really places a tax on mothers who work because they must work to support their families. The type of ‘family’ it would truly benefit would be two lawyers who marry each other and have their first offspring at 38 after having purchased their big house in the suburbs and the his-and-her ‘Beamers.’ If Congress wants to help families that are economically stressed, it should simply cut taxes. In the meantime, the president should not waver on his promise to veto this yuppie vacation law.
The net result could well be a greater probability of oil spills, less likelihood of a responsible owner to deal with those spills, less reliable transportation of oil and greater cost to the consumer; the very things the U.S. wanted to avoid.
[We are] certain [that] the large installed inventory which we depend upon in this country cannot survive. … We will see shutdowns of refrigeration equipment in supermarkets. … We will see shutdowns of chiller machines, which cool our large office buildings, our hotels, and hospitals.
