On the recordApril 22, 1998
It is often important in a debate to have a red herring. If we do not want to talk about the real issue in a piece of legislation, talk about something that we can imply is involved in the legislation but really is not, a red herring. In this debate today, sadly, we have a red herring. The red herring is the argument raised on the other side that this measure will make it harder to close tax loopholes. Member after Member after Member after Member of the other side has gotten up and said this is the Tax Loophole Protection Act. This will make it impossible to close tax loopholes. This is a bad idea because it will make it impossible to reach corporate tax loopholes. Sadly, it appears that those Members either have read it and know that to be false, or have not bothered to read the language that we are voting on. Simply stated, this measure will make it no harder to close tax loopholes.
Source
govinfo.gov
