Chuck Schumer: “I will simply say to my good friend from Arizona, with whom I have worked on many issues and who is a fine man of great…”

“I will simply say to my good friend from Arizona, with whom I have worked on many issues and who is a fine man of great integrity, that my vote is not needed for repeal. Very simply, I say to the Senator, the reason they didn't put repeal in the bill had nothing to do with the Senator from New York or the 45 Senators who have not been part of this process. The reason they didn't put it in is it is so darned expensive that they wouldn't have been able to do all the other things. So that is a bugaboo. That is not a fair characterization. Again, whether you are for or against repeal of this estate tax has nothing to do with this amendment. What has to do with this amendment is whether you believe that estates of over $3 million should get less of a reduction, although still a reduction, so that families making $40,000, $50,000, $60,000, $70,000 can get some break in paying college tuition. That is what the amendment does.”