Political Quotes

“I am somewhat perplexed by the argument because most of the provisions, almost 100 percent of the provisions that are in the underlying bill, are in the Democratic substitute. So I am not sure what the arguments being made against the underlying bill are really about. There is a very small difference, and we will get the chance to talk about that as it relates to the highly compensated test that really helps companies provide matches for their employees, which help modest-income people. The overwhelming amount of dollars in the bill go to the same provisions that are in both the Democratic substitute and in the underlying bill. As I pointed out earlier, the Democratic substitute costs six times as much as the underlying bill. So I think the arguments being made may be reserved for the substitute, where there is a major difference between the Democrats and the Republicans and it is worthy of debate. But on the underlying bill and the importance of increasing the limits and increasing portability, helping women with the catch-up contributions, I am pleased to see that Democrats have incorporated in their substitute the same provisions as the underlying bill.”