Political Quotes

David Thomas: “I continue to hear a lot of complaint and criticism when talking about spending when indeed it is revenue neutral...…”

On the recordOctober 8, 2004
I continue to hear a lot of complaint and criticism when talking about spending when indeed it is revenue neutral... ranchers who, because of the drought, had to sell their herd and cattle, they don't have to pay on capital gains now for 4 years. It gives them a chance to get back without having to pay for that. One of the fairness issues that is there is the idea that States that do not have State income tax, which is deductible from the Federal taxes, but indeed finance through sales taxes, can now deduct the sales taxes, which makes it fair. States can choose to either have income tax, they can have sales tax, they can have both, and then they can have one of the two of them deductible. ... We also had a provision in there that was put in that had to do with enlarging the loans that are available to small businesses from the Government.
Said by
David Thomas
New York
Source
govinfo.gov

Editor's note · Context

Discussing the benefits of a spending bill during a floor speech.

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