JOHN LINDER: “Mr. Speaker, I am just rising out of confusion as to whether the gentleman from Massachusetts (Mr. Moakley) states that…”

“Mr. Speaker, I am just rising out of confusion as to whether the gentleman from Massachusetts (Mr. Moakley) states that raising IRA limits to $5,000 is a tax cut for the rich. Does increasing contribution limits for 401(k) plans for regular workers, is that a tax cut for the rich? How about increasing the portability of retirement plans so people can move from one job to another? Is that just for the rich? If we simplify the pension system to encourage small businesses to offer their employees pension plans, is that another tax cut for the rich? We have got some small business tax relief in here to allow them to expense certain kinds of costs. Is this tax cuts for the rich? Or has the gentleman from Massachusetts (Mr. Moakley) just pulled out on old speech and rerun it one more time?”