Political Quotes

“I am happy to be here in strong support of a bill that I guess I was somewhat responsible for in giving its title to: the Tax Increase Prevention Act. We first called this a jobs or growth package or something such as that, but that is not what it is. Taxes are going to go up if we don't extend these provisions to allow people to keep more of their own money, to not have the alternative minimum tax kick in that is going to affect over 350,000 taxpayers in the Commonwealth of Pennsylvania. They will have to start paying the alternative minimum tax. As an AMT payer myself, I can tell you: You don't want to pay this tax. This isn't fair for increasingly average-income people who, if we don't fix it today, will now be thrown into this alternative minimum tax situation which will cost them thousands of dollars in their tax bill. We stop that from happening. The problem doesn't go away, though. We need to continue to work on this to make sure we don't have this problem into the future. The second thing we do is capital gains and dividends. Capital gains and dividends is a vital part of the growth that we have seen in our economy. Since we passed them, we have seen 5.3 million new jobs. We just heard the Senator from New Jersey talk about how the benefits of capital gains and dividends all go to these high-income individuals.…”