Political Quotes

“I am pleased to join in the introduction of this important bill to restore the home office deduction. After being turned down by two tax courts, the IRS succeeded in narrowing the definition of the home office deduction by taking their case to the Supreme Court. In essence, the early 1993 decision narrows the home office deduction test to businesses where income is generated in the home and to businesses where customers come to the home. These new tests are flawed. They disallow the deduction for a whole host of legitimate home businesses. Take plumbers or house painters. Both plumbers and painters may run virtually all aspects of their businesses from the home but in the end they must travel to the customer. A plumber simply cannot insist that a bathtub be brought to the office. There is a clear and compelling reason for a house painter to make house calls. Mr. President, this issue is of particular importance to my home state of Connecticut where laid-off workers are using severance packages to start businesses out of their homes where underemployed workers are making ends meet through part-time home businesses. These are the forced entrepreneurs I have been talking about for some time. These are the people who have struck out on their own in such numbers that they appear to be showing up in labor statistics.”