Political Quotes

On the recordSeptember 9, 1998
It is a great honor and with pleasure that I introduce this resolution for myself, Mr. Ashcroft, the Senator from California, and others who may wish to join us. Yesterday, I was on this floor describing a very difficult predicament that Major League baseball was encountering. It seemed, as of early yesterday morning, that the Internal Revenue Service might say that a fan who caught a historic home run ball hit by Mark McGwire and turned it back to him might be liable for $150,000 or more in gift taxes on that ball. We pointed out that that made no sense. I am proud to say that we had bipartisan support for that proposition, Madam President. There are very few things that have brought this Chamber together more than that one simple proposition. I was very pleased yesterday afternoon to have a call from Commissioner Rossotti of the IRS, who understood the magnitude of the problem this could cause. He advised me that he has issued a release from the IRS saying that, while resolving gift tax issues is as difficult as figuring out the infield fly rule, it made sense that we congratulate a fan who returns the baseball rather than hit him with taxes.
Said by
Julian Bond
Alabama

Editor's note · Context

Introducing a resolution regarding gift taxes on historic baseballs during Senate floor debate.

Share

More from Julian Bond

Mar 25, 2013

John Lewis has said it better than anyone could have said it.

transcripts.cnn.com
Mar 28, 2012

I can only go by what I read in the papers or see on TV, that what seemed to happen is this police wannabe followed him, against the orders of the police, got out of his car, confronted him in some way. We don't know what happened then…

transcripts.cnn.com
Jun 19, 2008

Let me explain briefly that we added one sentence to a two-sentence amendment saying, in essence, that it will not affect the GSEs, existing affordable housing programs. Those are programs already in effect. There was some question about…

govinfo.gov
May 9, 2012

Well, I think it is. I mean any time a group of people are denied rights and struggle for their rights, that's a civil rights movement.

transcripts.cnn.com

Other voices in this conversation