Political Quotes

“Let me say by way of introduction, and then I will yield to the Senator from Texas for some remarks, that the Kyl-Nickles amendment is a sense of the Senate. We should finish the job we started last year and make the repeal of the death tax permanent. As my colleagues will recall, because the tax bill was considered under the reconciliation procedure, it could only last 10 years. That means that even though we repealed the death tax in that 10th year, after that, the bill sunsets and we go right back to the position of the death tax as it existed last year, with a 60-percent higher rate and a $675,000 exemption. That is very unfair, it is very poor tax policy, and if we really meant to repeal the death tax, as we voted to do, then we should finish the job we started. This amendment simply puts us on record as committing to that proposition so that when the appropriate bill comes along, we can accomplish the result.”