Political Quotes

“I thank my colleague, and I will be brief. As Senator Toomey has indicated, he and Senator Lummis and I have an amendment to the infrastructure bill dealing with cryptocurrency and taxes. And I am going to go into some of the philosophical underpinnings of what we are doing, but I want to note something at the outset. Our amendment, this bipartisan amendment, ought to be accepted when the author of the underlying provision has said publicly he will vote for it if the Senate gets a chance to vote, as Senator Toomey and I have indicated. So let me just outline a couple of fundamental propositions about our proposal and start with one that ought to bring the U.S. Senate together. People avoiding taxes they owe on money through cryptocurrencies is a serious issue. It is fundamentally unfair to every working person whose taxes come straight out of their paycheck. Now, my view is the Senate needs to make sure that new rules addressing this tax avoidance ensure that it is possible to run down the crooks, have strong tax enforcement, while leaving a clear field for an innovation here at home. We want that innovation here. The fact is, when you don't innovate someplace, it goes somewhere else. We want it here at home. Without our amendment, this bipartisan amendment, it seems to us that essentially the whole notion of dealing with tax avoidance somehow is going to get lost in approaches for the brick-and-mortar rule.…”