Dale Bumpers: “I do not want to belabor these rich folks too long. The last one that I want to point out to for the edification of my…”

“I do not want to belabor these rich folks too long. The last one that I want to point out to for the edification of my colleagues is the gentleman by the name of J. R. Simplot from the great State of Idaho. He is 86 years old and has obviously been a great entrepreneur. I do not know a thing in the world about him. I assume he is a very fine man. In 1991, Forbes magazine identified him as one of the wealthiest individuals in the United States. Furthermore, he is on the cover of Fortune magazine in November 1995. Here is the magazine, if anybody would care to look at it. His sales that year were $3 billion. And Mr. Simplot, to his credit and to his ingenuity, controls 50,000 AUM's in Idaho, Oregon, and Nevada. Finally, a Japanese named Kaiku controls 6,000 AUM's on 40,000 acres of Federal land in Montana. What does our amendment do? I will not belabor the point because it is very simple. We make a distinction between that group of people that I showed you a moment ago. Look at this chart, colleagues. We make a distinction in what people in this category pay, and what people in this category pay. Ninety-one percent of the permittees under our amendment will pay just a little bit more than they would pay under the Domenici proposal, and in some years less than the Domenici proposal. Ninety-one percent of them will pay just a few cents more than Senator Domenici's bill requires.”