Kim Reynolds: “I need to help the gentleman from California understand, particularly for his State, as I understand this legislation…”

“I need to help the gentleman from California understand, particularly for his State, as I understand this legislation, it is designed for States like California and New York that have income tax, that they can deduct either the sales tax or the income tax, depending on how the taxpayer may choose which one they want to make for the deduction. The States that I previously read that do not have an income tax, it allows them to use a sales tax deduction as an opportunity to participate. So let us not lose sight that the taxpayer has an individual option. I also want to remind my colleagues that I believe, as he talked about giveaways and some of the other things, the motion picture industry, which hales greatly from his State and much less from our's, to the dissatisfaction of my colleague the gentleman from New York (Mr. Rangel) and me, is the fact there are three tax provisions inside this bill that assist the motion picture industry. If he considers those assistance, I do not find how he can take some of the other parts for corporations and call them giveaways.”