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Chuck Grassley: first, I will respond to some of the things that Senator Baucus brought up in his opening statement. He complimented me…

On the recordMay 11, 2006
first, I will respond to some of the things that Senator Baucus brought up in his opening statement. He complimented me in our working through this, and I always have a good working relationship with Senator Baucus. And 90 percent of the time, or maybe more, he and I are on the same side of the fence. I remind people in the Senate that on three occasions, in November and January and February, we were on the same side of the fence on this issue. The difference between us now is related to the extension of the capital gains and dividend tax credit that was not in the Senate bill at that particular time. And since it is not in the conference report, that is one of the reasons he and I are on separate sides of the fence. I will respond to some of the points he made on extenders because they are not in the conference report. Senator Baucus's criticism is right that they are not in this bill. They are, however, covered in a collateral agreement between tax-writing committees and congressional leadership. And on a document basis for my saying that we will be dealing with those, even though they are not in the conference report, I ask unanimous consent to have printed in the Record a joint statement on a collateral extenders agreement, that they will be in a follow-on piece of legislation that ought to be before the Senate very quickly. These are not in dispute between the House and Senate.…
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Chuck Grassley
Republican · Iowa

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