Judd Gregg: “It is the arbitrariness of the process around here that the Senator from Montana is first to the surplus that was left…”

“It is the arbitrariness of the process around here that the Senator from Montana is first to the surplus that was left, but the practical effect of our amendment will be essentially the same as the Senator's, which is to extend the tax credit rates. That is tax deductions--tax rates. I also think the ones we are going to suggest we extend--and we will get to this in our debate--are ones which are more oriented toward economic activity, generating or creating economic activity, than the extensions which are included in the chairman's proposal, which are all good and appropriate but which don't translate other than through maybe greater consumption directly into economic activity, such as the capital gains and the dividend rate does, and the expensing, obviously. We will have that discussion when we offer ours, and I appreciate the chairman's courtesy in allowing me to ask him these questions.”