Steny Hoyer: “The Senate bill is still in the Senate, as I understand it. We have passed, as you know, a House bill with a different…”

“The Senate bill is still in the Senate, as I understand it. We have passed, as you know, a House bill with a different pay-for so that the deficit is not increased by our actions. As you know, on this side of the aisle we feel very strongly, I underline ``very,'' strongly that the alternative minimum tax, I think to a Member, agree was not intended to affect some of the people that it will affect if it is not modified. We want to modify it, but we don't want to modify it at the expense of our children and grandchildren having to fill the hole that will be left by the loss in revenues on which the administration has counted in its budgets for not this year but succeeding years for the next 9 years. If that money is not there and expenditures are not cut, or revenues are not raised, then we will increase the budget deficit by a very substantial amount, billions and billions of dollars, at least $100 billion just by this one action. So we have passed a bill. The Senate has passed a bill. The Senate still has its bill. It has not passed over here.”