Political Quotes

Ted Deutch: I am opposed. The SPEAKER pro tempore. The Clerk will report the motion to recommit. The Clerk read as follows: Mr.…

On the recordApril 19, 2012
I am opposed. The SPEAKER pro tempore. The Clerk will report the motion to recommit. The Clerk read as follows: Mr. Deutch moves to recommit the bill H.R. 9 to the Committee on Ways and Means with instructions to report the same back to the House forthwith with the following amendments: At the end of paragraph (2) of section 200(c) of the Internal Revenue Code of 1986, as proposed to be added by section 2 of the bill, add the following: ``(C) Denial of deduction for certain businesses.--The term `domestic business gross receipts' shall not include any gross receipts attributable to any of the following: ``(i) Illegal activities.--Any illegal activity, including trafficking in illegal drugs and prostitution. ``(ii) Pornography.--Any property with respect to which records are required to be maintained under section 2257 of title 18, United States Code. ``(iii) Discriminatory golf courses and clubs.--Golf courses or clubs that discriminatorily restrict membership on the basis of sex or race. ``(iv) Lobbying.--Activities described in section 162(e)(1). ``(v) Business activities of persons in violation of the iran sanctions act of 1996.--Any activity of any person (including any successor, assign, affiliate, member, or joint venturer with an ownership interest in any property or project any portion of which is owned by such person) that is in violation of the Iran Sanctions Act of 1996 (50 U.S.C.…
Said by
Ted Deutch
Democratic · Florida
Source
govinfo.gov
Apr 19, 2012

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