Political Quotes

“we need to defeat this amendment. This is not the usual AMT fix we are used to. This actually repeals rates of the AMT that were put into effect in 1993. The reality is we are not going to increase taxes in order to pay for the relief that would be provided to taxpayers here. This points out the difference between the Specter amendment, which we will deal with next, and the Conrad amendment. I urge my colleagues to support the Specter amendment because it is the real deal. It is the real way we will deal with AMT, rather than the phony way that is presented by a mere indication that we will find revenues somewhere to offset against this tax cut. The question the majority would have to answer is: What taxes are you going to raise in order to pay for this rate reduction for the people who would otherwise pay the AMT? There is certainly no suggestion that there is a spending cut in the offing. Therefore, what taxes would be raised to pay for this?”