Political Quotes

“I thank the gentlelady for yielding me the time. Mr. Speaker, I'm going to oppose this bill, however the rule comes out, for several reasons. Number one, if this bill passes, we will extend the upper income tax cuts at a cost of increase in the deficit by $700 billion over 10 years. We're told that in 2 years it will expire. Of course, we also know that our friends on the other side of the aisle will try to extend it in 2 years, and in 2 years, we'll have the same kind of coercion. We'll be told that if we don't extend the upper end tax cuts, the middle class tax cuts will also expire, and I don't see any reason to believe that we wouldn't succumb to that coercion 2 years from now in an election year as much as we're doing now in this bill. So I believe that passing this bill, in effect, would make permanent the upper end tax cuts which, in effect, would generate a $700 billion increase in the deficit, which would make it almost impossible to fund housing, education, everything else we need. It would be the culmination of the 30-year Republican effort to starve the beast, to deliberately create huge deficits in order to provide the political cover for reducing expenditures in housing, education, Social Security, and Medicare. Secondly, I hope that Mr. Pomeroy's amendment on the estate tax will pass, but if it doesn't, that's another problem. Thirdly, Social Security. We are going, in this bill, to provide for a 1-year tax reduction of 2 percent in the Social Security tax.…”