Don Nickles: “That is correct. The House-passed bill, H.R. 3529 effectively reformed AMT prospectively. That is correct. It has had no…”

“That is correct. The House-passed bill, H.R. 3529 effectively reformed AMT prospectively. That is correct. It has had no benefit for Enron, no cash benefits for IBM. So I want to make that clear. Also, just for the record, I just had a chance to read the amendment offered by my friend, Senator Baucus. It has $2.3 billion in emergency agricultural assistance, $1.8 billion for the Commodity Credit Corporation, and an additional $500 million for the Commodity Credit Corporation that is designated as livestock. And $12 million is for the American Indian Livestock Program, which I did not even know we had. Anyway, there is a $500 million program for that. I think my colleague from Wyoming wants to speak on it. I want to have printed in the Record the emergency spending for agriculture that we have done in the last 10, 11 years. It has exploded, absolutely exploded. For the years 1990 through 1995, the average was less than $1 billion a year. For the last 2 years, agricultural emergency spending was right at $15 billion and over $11 billion. I think it has been done kind of haphazardly, and maybe done right before the end of the year, where agriculture has been in a tough situation, and we just threw out a lot of money. I am afraid that is what we would be doing if we added another $2.3 billion. What about reforming the crop insurance program? We did that a couple years ago.…”