Wendy Sherman: “focusing on these phase-ins, if only the Republican bill, if only the gentleman would promise that he would come as…”

“focusing on these phase-ins, if only the Republican bill, if only the gentleman would promise that he would come as close to not backend loading the ultimate bill, as we did in our Democratic plan, he would get my vote against this motion. In fact, instead the House bills explode in the second 10 years to a cost of $4.1 trillion. We need standards and rules for a unipartisanship-led conference dedicated to such extreme mispackaging of a tax bill. I want to talk to my Republican colleagues and say this motion to instruct could save a lot of heartache back in their districts because there is a new regime in the Senate. There may be 41 Senators opposed to any further tax cuts. If they let a bill go through that is widely publicized as providing constituents with tax relief, and then they open up their tax booklets at the end of the year and they see that you did not take care of the AMT, and the AMT takes back all of the benefits talked about in the speeches, if they see there is no marriage penalty relief or pension reform and their IRA is still $2,000, and if they see the R&D tax credit has been allowed to expire, they are going to ask why was that allowed to occur? Why did we celebrate a tax bill that did not deal with those provisions? And only a vote for this motion to instruct can be my colleague's defense.”