Political Quotes

“I regret that we are about to do that today with the vote on this tax bill. There are a handful of us here today who were on this very floor in this Chamber 20 years ago when a similar, although smaller, tax cut was being proposed. No one doubts today the damage that proposal had on our economy over the ensuing years. Its author, in fact, the head of the Office of Management and Budget, has written extensively about the huge mistakes that Congress made in the early 1980s in crafting a tax proposal that was way out of balance, and had no sense of proportionality in terms of the economic needs of the country. It took us more than a decade to recover from that tax cut. Luckily, we began doing so in the early 1990s and, ultimately, we reached the point we are at today where we are enjoying budget surpluses. I am sure my colleagues are familiar with the mythological figure Sisyphus, the King of Corinth, who was condemned to roll a heavy stone up a hill only to have it roll down again as it neared the top. This legislation is much like Sisyphus's dilemma.”