Political Quotes

“Mr. President, I thank Senator Grassley for this explanation of what this law is doing and the impact it is having. Today, of course, we are starting our discussion with the article from the Des Moines Register which talked about the regulatory impact. But we cannot forget there are other pieces to this law that have just as severe an impact. I would like to spend a minute or two talking about the destructive taxes that are in this legislation. When we add it all up, the new health care law basically requires new taxes of about $\1/2\ trillion--not to pay down the national debt, not to solve the Nation's debt woes but to create a new entitlement. The Treasury Department's Inspector General for Tax Administration has looked at the impact of the health care law on the Tax Code and said this: ``The law is the largest set of tax law changes in 20 years.'' That is no small undertaking when we think about all that has happened over the last couple of decades, that we ended up with an impact on the Tax Code that is the largest set of tax law changes in 20 years, according to the Treasury expert who looked at this. There are 42 separate provisions adding to or amending the Internal Revenue Code in the health care law. So much of this law was put together in the last days of this debate, people were scrambling around trying to read it and understand it and get information out to their constituents.…”