Political Quotes

“I thank my colleague from New York, and I appreciate those 3 minutes. So horseracing may have been called the sport of kings, but that doesn't mean owners of horses--those millionaires and billionaires supporting those horses--need royal tax treatment. As long as these tax subsidies are preserved, the richest and best off will remain in the winner's circle, while working families don't even get a chance to compete. There is no doubt that closing this loophole alone isn't going to solve our deficit problem, but it is a good place to start because, otherwise, we are going to cut $126 million from Head Start or $126 million from Medicare for our seniors or programs that help retrain laid-off workers. Giving ``triple crown'' treatment to millionaires, while workers are put out to pasture is not right, and it is not the American way. I have proposed searching through the Tax Code to find wasteful tax subsidies and eliminate unnecessary giveaways. This year is the right time to start. No one program should be singled out. We should set a series of standards and test each tax program against those standards on whether they create jobs, whether they make a stronger economy, whether they take America forward, and whether that $126 million spent in this category or that is more important to the Nation than other cuts we might be entertaining. Those are the tests that need to be applied in a thoughtful and thorough manner.…”