Political Quotes

“I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: Page 12, after the item relating to section 62001, insert the following: Sec. 62002. Determination of certain spending and tax burdens by State. Page 988, after line 20, insert the following: SEC. 62002. DETERMINATION OF CERTAIN SPENDING AND TAX BURDENS BY STATE. (a) Calculation of Federal Revenue Contributions by State.-- (1) In general.--The Secretary of Treasury, acting through the Commissioner of the Internal Revenue Service, shall calculate the Federal tax burden of each State for each calendar year. (2) Calculation of federal tax burden.--For purposes of calculating the Federal tax burden of each State under paragraph (1), the Secretary shall-- (A) treat Federal taxes paid by an individual as a burden on the State in which such individual resides; and (B) treat Federal taxes paid by a legal business entity as a burden on each State in which economic activity of such entity is performed in the same proportion that the economic activity of such entity in such State bears to the economic activity of such entity in all the States.…”