Political Quotes

“Mr. Speaker, this bill is about fairness. I do want to mention, though, the memory is a little short on the other side of the aisle. The Tax Cuts and Jobs Act where this was implemented was passed on reconciliation. It only required a simple majority. Moreover, the Democrats when they passed the Inflation Reduction Act depended on only a simple majority. They could easily have put their recommended SALT cures into that bill. It absolutely fits in with reconciliation which are budgetary items. That is what this is. Nonetheless, they chose not to. So one has to ask: Why did they choose to spend $1 trillion on expensive green energy projects and not yield tax relief to their own constituents? I can't answer that, only they can. Nevertheless, let's set the record straight. The Democrats had the opportunity to do whatever they wanted to on SALT. They complained about it for years. They could have fixed it. They choose not to. They deliberately chose not to in a vehicle that only required a simple majority. So this is about fairness. Mr. Speaker, when we passed that in the Tax Cuts and Jobs Act--one of the greatest stimuli to the American economy ever--we, interestingly, chose not to inflation index that $10,000. Now, thanks to Bidenflation, it should be around $15,000.…”