under my motion, the line-item veto authority, originally proposed in the Contract With America would be adopted. Unlike H.R. 2, the line-item veto authority in my motion would apply to all tax benefits designed to reduce tax obligations of persons or classes of persons in order to promote certain types of activity. Thus, all tax loopholes intended to benefit particular industries would be subject to line-item veto under my motion. A very disturbing trend has developed in this debate. The new Republican majority seems to have two contracts with America; one under which they protect the tax loopholes of the wealthy; and the other under which they sacrifice programs for working people on the altar of deficit reduction. I think that is wrong, and I think the American people see through it. The majority would like us to believe that it is the middle income tax cut they want to protect; but in reality they are protecting many special interests that feed daily at the Federal trough of privileged and preferred treatment.
Editor's note · Context
Discussing the line-item veto authority and tax loopholes during a House debate.
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