Political Quotes

“Mr. President, yesterday the Senate voted by a wide margin to proceed to Leader Reid's Small Business Jobs and Tax Relief Act. Everyone in this Chamber claims to support both small businesses and tax relief, and Republicans know the best way to do that is to stop the $4.5 trillion tax hike that looms over the economy, and it is crippling job creators. Fortunately, there is an easy way to solve the problem: Vote on and pass amendment No. 2491, introduced by Senators Hatch and McConnell and cosponsored by myself and several colleagues. The amendment is simple. It prevents the looming expiration of the 2001 and 2003 tax relief for 1 year, and lays out specific conditions for progrowth tax reform in the coming months. It is similar to the approach the House will take later this month. In other words, the Hatch-McConnell amendment stops income tax rates from rising. It stops capital gains and dividends rates from rising. It stops the job-killing death tax from rising and the related exemption from falling. And it prevents the alternative minimum tax from engulfing millions more middle-income Americans. It is an amendment that would protect our economy more than any debt- financed stimulus bill or other kind of short-term tax credit that the Obama administration could dream up. It is an amendment that, given the history of bipartisan support for tax relief in this Chamber, should pass the Chamber today. To be clear, stopping these tax hikes for 1 year is not a perfect solution.…”