Political Quotes

John Kerry: my friend knows full well that the famous teacher Stanley Surrey, I think at Harvard Law, coined the phrase ``tax…

On the recordFebruary 23, 2000
my friend knows full well that the famous teacher Stanley Surrey, I think at Harvard Law, coined the phrase ``tax expenditure.'' We make choices in the Senate that if you forego a tax you expect to collect, it is an expenditure. Now, that is a well-known principle in terms of how we operate.
Said by
John Kerry
Democratic · Massachusetts

Editor's note · Context

Discussing the concept of tax expenditures during a Senate debate.

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