Political Quotes

“Let me read from that letter: Furthermore, we can assure you that, consistent with the May 15, 1997 letter from the Speaker of the House and the Majority Leader of the Senate to the President which stated, ``It was agreed that the net tax cut shall be $85 billion through 2002 and not more than $250 billion through 2007,'' the 10-year net revenue loss will not exceed $250 billion. This language confirms the agreement made by the President, the Senate, and the Congress, as well as the sense-of-the-Congress resolution and the certification. Some may argue you have given up, it is not exactly law. I do not see it that way. I am satisfied people have made their commitments, and those commitments have been confirmed. This letter has been signed by the two chairs of the committee, and that ought to be satisfactory enough for people that we mean what we say in these resolutions. What good is it going to be to have a budget in balance by the year 2002 that goes immediately out of balance in 2003 because we did not keep an eye on the tax expenditure side of this equation? So, with this new language that Senator Lautenberg and Senator Domenici worked on here, I am very satisfied this is a good resolution.”