On the recordJanuary 17, 2007
I appreciate that, and I welcome Ms. Clarke, the gentlelady from New York. We are going to have some fun. You, gentlemen and lady, have brought some energy and excitement to this Congress. The 100 hours is exciting. It is boom, boom, boom, we passed the ethics. And then we are coming back with the minimum wage, and now we are getting into student loans, real meat-and-potatoes stuff that you all campaigned on, and that we talked about on this floor for hours on end for the last 3½, 4 years. Now we are actually delivering. Tomorrow is going to be another stellar performance on behalf of Speaker Pelosi and the leaders of the Democratic Congress. Tomorrow we are going to close tax loopholes for oil companies. We are going to close a loophole that gave ConocoPhillips $106 million in 2005 when it got profits of $13.5 billion. Profits of $13.5 billion. They didn't, you know, take it in and then have to dish it out. That is their profit. We stepped up and had the guts to say, and I would like to take more because they are making so much money, but we are going to take $106 million and pay for student loans and health care for young people. We are going to move forward on this agenda. There are a lot of other things that we are going to be able to do. We will do the tax loophole thing. We will roll back the energy bill tax breaks for geological and geophysical expenditures.
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