David Thomas: “You are not allowed to speak ill of the Senate. You can trash us and impugn our motives all you want to. Apparently…”

“You are not allowed to speak ill of the Senate. You can trash us and impugn our motives all you want to. Apparently those are the rules of the House. Let us take a look at what the gentleman from North Dakota (Mr. Pomeroy) just said. We are talking about repealing the alternative minimum tax in which some people, because the depreciation rate on the alternative minimum is not the same as the regular tax rate, therefore, wound up loaning tax free to the government which we call credits which they are now going to be able to reclaim. And he said it is entirely possible that these businesses may not use all that money, for example, under the 30 percent expensing for depreciation. And, you know, the gentleman may be absolutely right. What else would these job-creating machines do with the money besides reinvest it so they can continue to be in business? They actually might take some of that money to keep some of their employees on the payroll. So that money would wind up as payroll to employees. What are the employees going to do with it? I think they are going to spend it. That is called stimulus. Or, heaven forbid, please some of you Democrats plug your ears, they might actually give some back to the shareholders. They might indicate that since they are now once again profitable that people might invest money in the corporation so they could continue to do what? Create jobs.”