Political Quotes

“today we are voting on the final item in the Republican's Contract on America, the so-called crown jewel of the 100 day take-money-from-schoolkids-and-give-it-to-the-rich extravaganza. Well, in case we weren't able to figure out the point of this whole Contract With America, H.R. 1215, the Republican tax bill, makes it all crystal clear. H.R. 1215 is a reckless, deficit-exploding, who-cares-about-the-poor bill full of goodies and bonuses by the wealthy and the rich. What a fitting finale, Mr. Chairman! My Republican colleagues have abandoned this commitment to deficit reduction in their Contract With America in favor of this blatant payoff to the rich. Let's take a look at who exactly this bill benefits. For starters, corporations are big winners under H.R. 1215. Back in the 1980's, Congress realized that many of our richest, biggest companies weren't paying a single dime in taxes by taking advantage of all the tax write-offs available. As a result, the alternative minimum tax was established to ensure that corporations make at least a nominal contribution to the National Treasury. Well, our friends on the other side of the aisle clearly think that its OK if some of the Fortune 500 corporations leave everyone else to pick up the bill on April 15th because H.R. 1215 completely repeals the alternative minimum tax.”