Political Quotes

“I am talking about allowing full depreciation for new machinery and equipment that a business buys. Right now we say that they have to depreciate that machinery or equipment over a period of whatever, 5, 10, 15, 20 or 30 years, but as that time period elapses the $1,000 that they invested in the piece of machinery, they are going to have to wait 20 years before they are allowed to deduct it as that year's portion of that machine as an expense, and the dollar is not worth as much any more. So what this provision includes would be as a small part of the Kasich budget plan saying that we are going to apply an inflation factor to what you are otherwise allowed to depreciate. It is going to make a difference. I would just like to say also to the gentleman from Ohio [Mr. Kasich], congratulations for his hard work and good job. I would like to also say that the key is to come up closer and closer and closer to a balanced budget until we have it. This plan in 1996 has a deficit of $140 billion.”