Jon Kyl: “I believe it was during a March 4, 2007, interview on ``60 Minutes'' when the distinguished chairman said: I believe…”

“I believe it was during a March 4, 2007, interview on ``60 Minutes'' when the distinguished chairman said: I believe, first of all, that we need more revenue. Now I won't pretend that I know the exact context in which this statement was made, but it is not the first time I have heard Democratic colleagues say we need more revenue. In one of our informal meetings, colleagues said: We will need a much bigger revenue stream when the next President is elected. That individual was presuming it would be a Democratic President.”