On the recordJanuary 29, 2002
I learned as a little boy from my mother that if you at first don't succeed you should try and try again. I come to the Chamber to try again on the issue of accelerated depreciation. I am proud to be joined by Senator Baucus. This is the Baucus-Smith amendment now. The point is simply to try and bridge the difference between the two sides on the whole idea of how best to give a meaningful stimulus to business to take advantage of this accelerated depreciation, this bonus depreciation over a period of time that on the one hand will stimulate in a timely way the economy and in another way will help the States to be able to afford this action. I believe the Baucus-Smith amendment is the compromise that will provide real stimulus to the underlying package that is offered by the majority which, I respectfully say again, is just simply too short a period of time to be meaningful to our economy.
Source
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