Political Quotes

“I note that I offered a similar amendment myself. In fact, I know several of us offered similar amendments because this is such a good idea. I begin by complimenting the Presiding Officer for the extraordinary job he has done in putting together a compromise tax bill. It is with great hesitancy that I suggest an amendment to this bill, but I know if it were not so critical to get a lot of support from disparate groups of folks, the Presiding Officer undoubtedly would be supporting an amendment of this type as well. So I simply agree with the Senator from New Hampshire that the primary point here is to both raise revenue and stimulate the economy, which is what a capital gains rate reduction will do. That is what our prior experience in this country has been. Clearly, that is what would happen in this particular case. So again, what this amendment does is reduce the long-term top rate from 20 to 15 percent for a 2 rac{1}{2}-year period, from June 2001 to December 31, 2003--a period of 2 rac{1}{2} years.”