Political Quotes

“I wish to speak for a few minutes about the urgency of passing the tax extender bill and describe to our colleagues all the bipartisanship that has gone into this important effort. This bill is truly urgent because America's employers file their taxes quarterly, which means they are paying higher taxes today without this tax extender package, which means less money for hiring and training workers, less money for buying new equipment, and less money for investing in innovation and growing jobs at home. For example, a restaurant owner who needs to replace a walk-in freezer to keep their business running is going to pay higher taxes because they can't, in effect, hold down the costs through the provision in the tax bill. That means they will be cutting shifts and cutting workers. This bill is just as urgent for millions of other American families; for example, a family with a college student who is registering for summer school this week and is going to lose a tuition tax break and homeowners whose place is now worth less than they paid for it. They finally caught a break recently from their lender, and without this legislation they will now face a real tax increase on phantom income. So that is why this bill is so timely, so urgent. I am going to spend a few minutes talking about the extraordinary bipartisan team effort that went into putting this legislation together, getting it through the Finance Committee, and sending it to the Senate floor.…”