Don Nickles: “I respect my colleague from Wisconsin. I have agreed with him on many issues dealing with fiscal matters. Wouldn't you…”

I led the effort to repeal the windfall profits tax. We finally did.

The administration's proposal would dramatically scale down the activity in the oil patch.

Law makers must carefully distinguish between the need for tax credits which may operate as subsidies, compared to more favored tax deductions which are expensed as part of ordinary business operations.

I could not disagree with you more.