E1598 CONGRESSIONAL RECORD — Extensions of Remarks September 12, 2011 David Bish Elaine Bish Tracy Bish Cross-State Air Pollution Rule for ten years. he was co-chairman of ’s presi- Lucile Slattery Avon Blevins Vivian Blevins Simply put, this regulation will have a signifi- dential campaign. Clinton went on to win the Patti Bortz Stephanie Bortz Jay Braxton cant negative economic impact of $2.4 billion Presidency and later appointed Manatt as am- Edward Jones David Caesar Trevelon Caesar dollars a year which will lead to job loss, a re- bassador to the , where Johnny Carlisle Sarah Carlisle Rubin Castillo duction in energy outputs, and an increase to he served from 1999–2001. Patricia Castillo Leo Chrostowski Valita family’s utility bills. During the course of his prestigious career, Chrostowski At a time when families are struggling to Manatt served on the boards of the Mayo make ends meet, the last action the Obama Bill Clark Dianne Brady Joe Clark Foundation, the National Museum of American Administration should take is another multi-bil- Rose Clark Bill Clawson Pauleta Clawson History, the Wesley Foundation, the National lion dollar regulation that will kill jobs and in- Malcolm Nancy Creighton Hoke Culbertson Legal Center for the Public Interest and the crease costs. It is imperative that we keep the Creighton National Endowment for Democracy. He was flow of energy high and the cost of utilities Bea Culbertson Ron Dotseth Betty Dotseth also the founding chair of First low. Jay Elshoff Kathleen Elshoff Charles Bank, was elected chair of the Creating a stable regulatory environment, Emanuele Bankers Association, served on the board of where the balance between the costs to fami- Justus Ghormley Harold Fuquay Ann Fuquay directors of FedEx Corp., and was a member Floyd Gilmore Janice Gilmore Judy Daniel lies is balanced with the benefit of the regula- tion, allows families to have certainty that any of the board of directors of Oak Value Man- Cindy Tester Graig Godin Sue Hayes agement, Inc. Edward Gore Vanita Gore William Hansen new rules and regulations that are finalized Kristin Hansen David Kedrowski Sandie Kedrowski will have their best interests in mind. Mr. Speaker, I ask my colleagues to rise Lawrence Klecha Kathy Klecha James Lamborn Mr. Speaker, I urge my colleagues in the and join me in paying tribute to the life of Marilyn Lamborn Gregg Lebert Joy Lebert House (and Senate) to support me in passing Charles Manatt as we offer our condolences Vernon Lewis June Attaway Ronald Litchy the America’s Energy Independence Act and to his family and celebrate his memory. Beverly Litchy Herschel Eva Luckinbill bring stability and balance to the regulatory Luckinbill process. f Ray Madrid Betty Madrid Ladd McCarnan f Patty McCarnan Kayla Feld Denise Mire INVEST IN AMERICA ACT PAYING TRIBUTE TO THE LIFE OF Patrick Patterson Rebecca Grace George Padilla MR. CHARLES T. MANATT Cecilla Padillo Robert Prentiss Dianna Tetrick Joseph Ransom Opal Ransom Nicholas Rightor HON. STEPHEN LEE FINCHER Susan Mire James Robbins Barbara Robbins HON. JIM COSTA OF TENNESSEE Thomas Rowley Rosemary Rowley Bill Sasser OF CALIFORNIA Nell Sasser Dennis Maria Chu IN THE HOUSE OF REPRESENTATIVES IN THE HOUSE OF REPRESENTATIVES Schechinger Monday, September 12, 2011 Monday, September 12, 2011 Mario Silva Armeda Silva Ron Parsons Mr. COSTA. Mr. Speaker, I rise today to Patsy Parsons Gary Sprenkle Kay Sprenkle Mr. FINCHER. Mr. Speaker, I rise today to pay tribute to Charles ‘‘Chuck’’ T. Manatt, Cali- Carl Vance Margie Vance Doug Ward discuss an issue of great importance to indi- fornia lawyer, banker and political visionary Theresa Ward Phil Wilkes Janice Wilkes viduals as they save for retirement and to as- who recently passed away at the age of sev- Charles Williams Charlene Wil- John Yeager sist companies to have the capacity to create enty-five. liams jobs. The tax burdens placed on families and Manatt was born on June 9, 1936 in Chi- Cynthia Yeager Dennis Yepson Nancy Yepson businesses hinders job creation, job retention, cago, to William Price Manatt, and Lu- Glen Zuhlke Dave Zuhlke Terry Michaels and innovative breakthroughs in technology. cille Taylor Manatt. Although born in , Marilyn Michaels Patrick Shirley he grew up in Audubon, , helping his fa- The capital gains tax placed on families and Sweetland Sweetland ther care for the family farm. He was an Eagle family businesses creates less employment, Judy Gagnon Kenneth Shofter Ron Santoro Scout and a member of the Future Farmers of produces less investment. Thus, making Cindy Santoro Heber Dunkel Robert F. Dorr America. Following high school, Manatt at- America less competitive in the global econ- John Price Al Doering tended Iowa State College, where he met fel- omy, and is just another example of how our f low student Kathleen ‘‘Kathy’’ Klinkefus. tax code unfairly punishes innovation and AMERICA’S ENERGY On December 29, 1957 Chuck and Kathy wealth creation. INDEPENDENCE ACT married and moved to Washington, DC where That is why I am pleased to introduce the Chuck attended the George Washington Uni- Invest in America Act, which reduces the cap- HON. STEPHEN LEE FINCHER versity School of Law. Three years later, the ital gains tax rate to zero for ten years for fam- couple moved again to Los Angeles where he OF TENNESSEE ilies, investors, and collectors. Simply put, my founded a law firm with his long-time friend IN THE HOUSE OF REPRESENTATIVES bill will create stability in the economy by al- and colleague, Thomas Phelps. The start-up lowing families and businesses to plan for the Monday, September 12, 2011 began as a six-man group of savings and future. Lower taxes create a stable economic Mr. FINCHER. Mr. Speaker, I rise today to loans lawyers and swelled to more than 100 environment will encourage innovations, introduce a bill of great importance to families lawyers by the early 1980s. Today, Manatt, breakthroughs, and job creation by providing living on a budget. The recent overreaching Phelps & Phillips, LLP has over 350 in offices much needed capital to businesses and entre- regulations placed on energy and utility com- in , California and Washington, DC. preneurs. Lowering the cost of future con- panies hinder America’s economy while caus- While in Los Angeles, Mr. Manatt also sumption encourages more Americans to in- ing increases to families’ utility bills. Families began to forge relationships with several of vest and create wealth. need certainty that their energy needs will be the Democratic National Committee’s most in- Many countries, such as Germany, have no met and their energy costs will remain low. fluential leaders. In the aftermath of the 1980 capital gains tax at all. At a time when the bur- The Cross-State Air Pollution rule finalized by elections, when was over- densome tax code and regulations are driving the Environmental Protection Agency, EPA, on whelmingly elected to the White House, American businesses to be less competitive July 6, 2011, will lead to increases in energy Chuck, who had been DNC finance chairman, globally reducing the capital gains rate here at prices for families and prohibit jobs. Also, openly campaigned for the position. home would spark American investment and these regulations and rules were just recently In 1981, Mr. Manatt claimed Chairmanship increase our competiveness globally. Bottom updated in 2005. of the Democratic National Committee. He re- line, we need a streamlined tax code that is America leads the world in providing safe, invigorated the party. On the eve of the 1984 fairer, flatter, and simpler that encourages in- reliable energy to families. In order for Amer- Democratic convention in , pres- vestment and wealth creation in order to get ica to continue to prosper, the regulatory proc- idential nominee-in-waiting this country moving and working again. ess must follow common sense and not be tried to replace Manatt with Carter administra- unduly burdensome. tion official, but backed off after an internal Mr. Speaker, I urge my colleagues in the That is why I am pleased to introduce the outcry. That year, Ronald Reagan handily se- House (and Senate) to support me in passing America’s Energy Independence Act, which cured the Presidential nomination, but Manatt the Invest In America Act and bring stability to prevents the EPA from implementing the and the Democrats fared better in 1992, when the American economy.

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