Peter Blute: “at a time when many people are decrying our Tax Code as too complicated, the amendment offered by the gentlewoman from…”

“at a time when many people are decrying our Tax Code as too complicated, the amendment offered by the gentlewoman from California would increase that complexity. How would the President determine if a tax credit provided half its benefit to 10 percent of the population? In order to accelerate the process, the Committee on Government Reform and Oversight shortened the length of time the President had to submit rescissions. Trying to determine who will reap what benefits will likely take longer than the deadline allows. Mr. Chairman, it is unclear what is meant in this amendment. Does it mean that half of the beneficiaries will be in the top 10-percent income bracket, or does it mean that half of all the revenues lost would be lost to the top 10 percent? In addition, the committee accepted an amendment offered by a Democrat which broadened the definition of targeted tax breaks to a hundred or fewer taxpayers. This House has already resoundingly turned back an attempt to alter that and should do likewise with this amendment. Mr. Chairman, let us give the President the strongest line-item veto possible, one that is narrowly and clearly defined and able to let the President get the job done. I ask that the House oppose the gentlewoman's amendment”