Political Quotes

“I hate to keep repeating myself, but I think I will. My friends passed this tax credit themselves when they were in the majority in 2008 and 2010. So while I appreciate this newfound concern about deficits on their side of the aisle, I remind them that since we have been in the majority, the deficit has actually declined--and declined pretty dramatically--from $1.4 trillion, which is what they handed over to us, to about $540 billion today. I would be the first to agree that is far too high, but the movement has been in the right direction. So to suggest that somehow this side of the aisle has been fiscally reckless or irresponsible, I think simply doesn't bear up to scrutiny. Second, I remind my friends again this has been a bipartisan tax measure over the years. It has been routinely renewed, whether it was a Democratic Congress or Republican Congress, since 1981. It is as close as you ever get to be permanently in the Tax Code without actually being there. But we still have that level of uncertainty that is associated every time that we have a discussion over the extension. We are simply removing, I think, that uncertainty, and we are doing what all sides have done regularly, which is recognize this is an important component of our Code and that we think it generates a great deal in terms of valuable research and generates economic growth and jobs.…”