Political Quotes

“And what is particularly perverse about it, to respond to the gentleman, is we are talking here about permanent tax increases, to provide temporary protection to other taxpayers. Ultimately they have created a series of PAYGO rules that allow them to go in each year, hold certain taxpayers harmless, but at the expense of permanent increases in revenue into the foreseeable future. What they are doing is setting up a system that can be gamed that will permit them to go forward and raise taxes each year without calling it a tax increase where they are trying to avoid the label. I think that is particularly perverse because what it assumes, even as Republicans for years when they were in power each year tried to look for ways of cutting taxes, it seems like the Democrats have set up a PAYGO system by which they will be able to go in each year and justify tax increases. They may call some of it loophole closing, but it is higher taxes, and they are going to be looking for more and more creative ways for generating more revenue for years to come, particularly as the cost of patching under their rules, the cost of patching the AMT each year grows higher.”