Byron Dorgan: “I wanted to make a point in response to something said earlier that, well, if this amendment passes, the tax cuts for…”

“I wanted to make a point in response to something said earlier that, well, if this amendment passes, the tax cuts for American families will be gone. That is simply not the case. I will describe that I don't, with this amendment, change the child tax credit. That moves to $1,000. It has nothing to do with that. That stays in place. I don't propose changing expensing to $75,000. That stays in place. The increase in the AMT, the alternative minimum tax, exemption stays in place. Acceleration to the 10 percent bracket stays in place. Acceleration to the 15 percent bracket stays in place. My point is that a lot of things are said on the floor of the Senate, and they are often said by someone who might mean them, but they might be mistaken. It is a mistake to say that this amendment somehow, in some way, jeopardizes tax cuts to most American families. It doesn't. It simply does not.”