Political Quotes

“I thank the gentleman from New Jersey for raising opposition to the amendment. I'm glad he gave me a few moments, Madam Chair, to slow down a bit before I would comment on the amendment. {time} 1915 The author of the amendment would probably want to take a few steps more. To carry out the full intent of what he's proposing would be to eliminate all subsidies for everything. Then where would we be? I suppose if we're going to be consistent in this, if we were to adopt this amendment, we ought to go to the oil and gas industry and eliminate all of the subsidies that they have, which are tax breaks, direct subsidies, by reducing their taxes to the tune of well over $10 billion a year. Probably not a bad idea. And then to go on, as the chairman of the committee has suggested, to take on all of the other subsidies. Where would we be? It's a long history of America, dating back, really, to the Founding Fathers, in which Alexander Hamilton presented to the Congress, at the request of George Washington, a plan on manufacturers in which was stated a policy then and carried forward ever since that time, some 230-plus years, in which the Federal Government has been directly involved in the development of the American industries. For example, at that time, Alexander Hamilton suggested that the Federal Government ought to support the development of roads, ports, and canals, and, in fact, one not far from here received that assistance, the Potomac Canal.…”