Political Quotes

“I yield myself the balance of my time. With regard to the last comment, it is the oil cartels that drive prices, not the normal functions of the market and supply and demand. With regard to the oil subsidies, Mr. Speaker, we have an opportunity here today to see where the Republicans and the Democrats in the House stand on deficit reduction. Mr. Speaker, by defeating the previous question, we can and we will reduce the deficit by over $12.8 billion. We have the chance to have the discussion around the continuing resolution, around the budget, around deficit reduction. And here we have an opportunity, without impacting the price of oil, without impacting what consumers pay at the pump, to reduce the deficit by $12.8 billion by defeating the previous question. I think that's what the American people want to see. The American people spoke out in the last election. Let's reduce the deficit. Let's work across the aisle to see what we can do to cut unnecessary government expenditures, to make those decisions to help make sure that we can leave something other than a legacy of debt to the next generation. I think, Mr. Speaker, this is an easy one. Let's defeat the previous question and reduce the deficit by $12.8 billion. {time} 1030 Mr. Speaker, I would like to submit for the Record a document from the Treasury Department which states that the manufacturing deduction for oil and gas effectively provides a lower rate of tax with respect to a favored source of income.…”