Political Quotes

“I thank Congressman Ross. For the sake of our children's future, I'm strongly urging the Senate to ensure that the AMT patch that we're going to be considering this week complies with the PAYGO rules. The House has already passed a responsible AMT bill, which will prevent 23 million taxpayers from being hit by the AMT, while also finding appropriate offsets so that the national debt will not be increased. I have introduced a resolution, H.J. Res. 45, which is a balanced budget amendment to the United States Constitution. If my constituents in upstate New York have to balance their checkbook every month, so should the Federal Government. The AMT affected 4.2 million Americans last year. If Congress does not act, it will affect 23 million Americans this year, most of them middle-class families. In my district, 66,000 families will be affected if this bill is not passed. Almost half of the 23 million taxpayers that will be affected are married with children. The average AMT taxpayer will owe over $6,000 in additional taxes. Small business owners are going to be one of the hardest hit by the AMT. The reason why we have to pay for this and ensure we follow pay-as-you-go standards is because America's debt is over $9 trillion. Our Federal debt increases by $1.4 billion a day, at an astonishing rate of $1 million a minute. Our national debt is equal to over $30,000 for every man, woman and child and infant in this country.”