Hearing On Hr 1517 Foreign Flag Ships Hearing Before the Subcommittee On La

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Hearing On Hr 1517 Foreign Flag Ships Hearing Before the Subcommittee On La
Occupational Health United States Congress House Committee On Educa
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6 billion in wages to United States citizens in the United States, which were recycled in the United States economy. In the next 4 years, that will go up by $4. 3 billion. In 1992, we paid in taxes $6. 3 billion, and in the next 4 years, we will pay an additional $2 billion.
Why do I stress that? Because it is important to understand, and I cannot overstress this point. This industry will relocate if this bill is passed. It is not going to happen overnight. You have heard other witnesses this m
...orning tell you that is not the case. I am here to tell you that it is the case. I will make available to you any CEO that you desire to come and talk to you personally and let you know personally what they are planning to do if this bill is passed.
If this bill is passed, this country is going to lose tens of thou- sands of jobs in this industry alone. Is it worth it? Do you think it is worth it? Is this the policy that we should have for the United States? We do not think it is.
People are going to say, "You cannot relocate because you do not have the infrastructure.


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