Political Quotes

“Because I have three quick points in response before I yield to the gentleman from Tennessee. First, with regard to the death tax, it is important to remember whose money it is in the first place. This money has already been taxed, and it is being taken. Some small businesses, like the gentleman's from Colorado, grow to be big businesses, and we are for that in America, and that is great. But just because somebody has the misfortune to die doesn't mean the government should take up to 40 percent of their assets. Second, with regard to the CFPB, this bill was bipartisan, and I hope that we can get it back to a bipartisan bill because the input from small businesses and credit unions and community banks is something that both sides of the aisle agree on. The disagreement is on the pay- for. Unfortunately, the gentleman from Colorado and his side of the aisle, when they were in charge, when they passed the Dodd-Frank bill, did not subject the CFPB to the appropriations process. Therefore, anytime we make any change that requires money, it requires an offset. So this offset simply says, beginning in 2020, it reduces the cap of the amount that the CFPB can take from the Federal Reserve as an exact offset.…”