I think it is time the American people deserve to be told the size of this tax cut. I have a chart. I don't know if it has been seen on the Senate floor, but it is interesting. The red area indicates $1.6 trillion as the entire tax cut…
Pete Domenici
The Public Record
Pete V. Domenici is a former United States Senator from New Mexico, serving from 1973 to 2009. A member of the Republican Party, he was known for his work on budgetary issues and energy policy. During his tenure, he played a significant role in shaping legislation related to nuclear energy and national defense. Domenici was also involved in various bipartisan efforts, particularly in the areas of health care and education reform. He was a prominent advocate for fiscal responsibility and was instrumental in the passage of the Balanced Budget Act of 1997.
I choose today to spend my time talking about a very serious crisis that Gale Norton can help us with. The American people are just finding out that we have an energy crisis of serious proportions. We are on the Budget Committee and we…
When I yielded time to my good friend from Alaska, I did not think I would be hearing what I just heard. I am pleased I was here when he discussed this issue of paramount importance to his State. It is most interesting that a Senator can…
I believe under the unanimous-consent agreement I am to speak next, but I note the presence of the chairman of the Appropriations Committee who would like to speak. I yield to him, and I ask I follow him this morning. The PRESIDING OFFICER…
I thank him for this aspect of the bill that helps every senior in New Mexico and across this Nation, 1.6 million, who have HMO Choice Plus. In this bill, we have provided new reimbursement, increased reimbursement to those areas of the…
Would you explain ``after-tax dollars''? Since you are talking about millions of Americans who might buy their own insurance and get nothing today by way of tax relief, how will that work?
I was shocked--maybe I should not have been; it is almost automatic, it is almost arithmetic--but the total of the cumulative interest on the IOUs and the cumulative transfers amount to $40 trillion by the year 2050. That is the IOU that…
Although the transfers (and the interest earned on them) would improve the apparent solvency of the trust fund, they would increase the liabilities in the rest of the budget at the same time. That is what I have been saying. As a result…
Thank you, Senator Hollings, for your kind remarks. I don't agree with your theory or your conclusions, but I appreciate working with you over the years. Your dedication to getting the debt under control has not gone unnoticed over the…
But I want to tell the Senator thanks for all he has done while he has been here. You have been, as you were in the military, a hero; you have taken some tough stands. While not a budgeteer, as I am, you have chosen to express yourself…
Frankly, from what I understand, he did it with a very cool hand. Maybe it was different in those days. It was less confrontational than today, as I understand it--with no criticism and no inferences; just that it was different when he was…
I also say, overall, when we make requests of you and your people, and Senator Byrd and his people, I do not think in any case for me we could have been treated more fairly. Every request was looked at carefully. I thank my colleague so…