Political Quotes

On the recordMarch 1, 2011
I am opposed in its current form. The SPEAKER pro tempore. The Clerk will report the motion to recommit. The Clerk read as follows: Mr. Keating moves to recommit the joint resolution H. J. Res. 44 to the Committee on Appropriations with instructions to report the same back to the House forthwith with the following amendments: Page 18, line 21, strike the quotation marks and final period. Page 18, after line 21, insert the following: ``Sec. 227. For the period beginning on the date of the enactment of the Further Continuing Appropriations Amendments, 2011 and ending on the date specified in section 106(3) of this Act, no major integrated oil company (as defined in section 167(h)(5)(B) of the Internal Revenue Code of 1986) shall be eligible for any tax benefit or relief under the following provisions of such Code to the extent attributable to such period: ``(1) Section 43. ``(2) Section 45I. ``(3) Section 469 with respect to working interests in oil and gas property. ``(4) Sections 613 and 613A, with respect to percentage depletion for oil and gas. ``(5) Section 199 with respect to income derived from the production of oil and gas. For purposes of this section, the amount of any tax benefit or relief for any taxable year shall be treated as attributable to the period described in the preceding sentence in the same ratio that the portion of such period which is part of such taxable year bears to the entire taxable year.''. The SPEAKER pro tempore.…
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Bill Keating
Democratic · Massachusetts

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