Political Quotes

“My friend from West Virginia explained why this won't impact Governors and legislatures in terms of what they can do with their own fiscal policy. I would say my friend the Senator from West Virginia probably ought to check with Governor Justice and his legislature to see if they are on the same wavelength there. When we got input in bringing this up as an issue and when you are talking about the American Legislative Exchange Council, Americans for Tax Reform, Citizens Against Government Waste--I won't repeat the rest of the list--I think it would get down to semantics in this sense: What do you do if you want to cut tax rates? Then, just like pre-COVID, we cut taxes, and revenues went up for 3 to 4 years. How do you measure that complicated equation? In many cases, when you cut rates, you find a new sweet spot where you generate more tax revenue. How would you sort all of that out? Then, if it were not based upon penalizing States that are most apt to lower their tax rates because of how good their economies were pre-COVID, it would be a different issue as well. So I am willing to listen in terms of how that does play out, but for now, I am going to view it as something, I think, that is not going to sit well with many States, their Governors, or their legislatures and that has a possibility of being taken to court as being something that might be unconstitutional.…”