Political Quotes

On the recordApril 16, 2015
I appreciate the gentleman's courtesy in permitting me to speak on this. Madam Speaker, it is ironic. This week, we have had hundreds and hundreds of businesspeople, folks from organized labor, contractors coming to town, pleading with Congress to get its act together and enact a 6-year comprehensive transportation bill. We have been frozen in place for years, with 23 short-term extensions because this Congress can't figure out how to provide the resources necessary to deal with a critical situation. America is falling apart and falling behind, yet we are caught here in an inability to provide resources to help rebuild and revitalize America. That is part of the issue. Today my Republican friends have discovered that there is $270 billion of revenue that somehow the Federal Government no longer needs. They have decided to give an additional tax cut to people who need the help the least. And, ironically, for all the talk about this being a death tax and double taxation, the vast majority of the wealth that will be untaxed has never been taxed in the first place. You don't get to be a billionaire on W-2 income. It is appreciated capital. But we are going to, in their judgment, give a windfall. We have had this tax for over a century from Republican administrations, but we are going to turn our back on it because we no longer need $270 billion while we continue to shortchange America.…
Said by
Earl Blumenauer
Democratic · Oregon
Source
govinfo.gov
Apr 16, 2015

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