I just wanted to correct an impression left by the previous speaker that even though the estimates in 1981 were that we would lose revenues, real life happened after those estimates. The estimates turned out to be wrong and revenues doubled during the 1980's as a result of the economic growth package enacted in 1981.
Addressing misconceptions about revenue estimates from the 1981 economic growth package.
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That is, again, the correct interpretation. As the gentleman and I have discussed privately, this is a very important power that the Select Committee will possess. It should be used sparingly, not only after a vote, but after consultation…
This bill uses a carrot and stick approach to both invest in this essential transit system as well hold the system accountable to providing safer, more reliable service.
The gentlewoman is correct. It is my clear understanding that Congress did not, in adopting the Reform Act, intend to alter standards of liability under the Exchange Act.
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