Political Quotes

“The point here is that if we all agree that tax reform needs to take place and we need to assess what current expenditures mean in the system, but also have some enthusiasm for taking up the off-shoring issue, and taking up those that willfully hide money overseas in bank accounts and they don't want the IRS to know what they've set aside, that's part of fundamental tax reform. There's an opportunity here to do something similar to what Ronald Reagan and Speaker O'Neill did in 1986 in a bipartisan fashion with both sides getting together in an effort to figure out what to do about building a tax system that keeps America, as the former speaker noted, ``competitive going forward.'' This is not the procedure, Mr. Speaker, to undertake that sort of initiative. Mr. Speaker, I rise today in support of the Democrats' middle class tax cut substitute that would extend tax cuts for 98 percent of Americans--and in opposition to the Republicans' legislation that would extend all of the Bush tax cuts. Congress has a responsibility to protect middle class Americans from getting hit with a big tax hike next year--a tax hike of $2,200 for the typical family. Last week, the Senate passed a bill that would extend for one year the Bush tax cuts for 98 percent of Americans. And now it's up to us in the House to provide certainty to middle class Americans that their taxes will not go up next year.…”