Political Quotes

“I favor a tax cut, but one that is fiscally responsible, that does not undermine the fiscal discipline that has brought unprecedented prosperity to our Nation. This proposal that the Republicans are peddling does not meet that test. First of all, it is a first chapter in a book, but the Republicans will not tell us the rest of the book, the other chapters. We all learned long ago, do not buy a book according to the first chapter. Secondly, the first chapter has a false title. Most of the reductions of taxes in this bill, most of them have nothing to do with the marriage penalty. Third, this first chapter does not even tell the story. The cost for the first 10 years would be $182 billion. In the second 10, it would explode by an additional $300 billion. And if we include the AMT adjustment that that side says it wants to make, it would be an additional $47 billion a year. Look at this chart. If Members look at the 20-year projection, we are talking about $700 billion. What does that mean for Medicare? What does that mean for social security? They peddled the argument that our marriage penalty provision, our proposal, brings no relief. That is wrong.”