Political Quotes

On the recordFebruary 12, 2015
On Tuesday, the Committee on Rules met and reported a rule for consideration of two important pieces of tax legislation, H.R. 644 and H.R. 636. The resolution provides a closed rule for consideration of each bill and provides for 90 minutes of debate equally divided between the chairman and ranking member of the Committee on Ways and Means on each bill. In addition, the rule provides for a motion to recommit on each bill. Mr. Speaker, most of my colleagues will remember the House's consideration of H.R. 5771, the Tax Increase Prevention Act of 2014, in December of last year. At that time, more than 50 individual tax extenders were retroactively extended for the 2014 tax year, giving businesses just 12 days to make complicated investment decisions. That is no way to run a business. Every time I am at home I hear from Oklahomans who either work for or own small businesses. Without fail, they tell me that certainty is what they need most from Washington. But too often Washington tells Americans who operate and work in small businesses to ``trust us.'' We promise to extend X or Y or Z tax provision indefinitely. Unfortunately, those Americans can't take that to the bank. They can't take our word that we will actually be able to deliver on the promises made by Congress. The only thing they can rely on is the law. If our tax laws expire every year, it injects an uncertainty into the business environment that inhibits economic growth.…
Said by
Tom Cole
Republican · Oklahoma
Source
govinfo.gov
Feb 12, 2015

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