Rick Santorum

And lowers the deficit as a result, correct? Mr. DeMINT. Right. We are going to take it off the table and save it. So the whole point is, if you want to keep spending that money as a Congress, we are going to have to recognize it as debt…

Would it cure the problem of hiding the deficit? Mr. DeMINT. It is definitely an honest accounting bill. Right now this money goes on the table and the Government secretly sweeps it away and spends it.

I would just ask the Senator from South Carolina, this bill has something to do with something else I hear a lot about, which is honest accounting. One of the things I hear a lot of my colleagues on the other side of the aisle talk about…

So this is not just a Stop the Raid bill. This is a truth in accounting bill? This basically says: Here is how much money we are taking in. Here is the obligations that the Federal Government has with this money we are taking in. In fact…

To my knowledge, we filed the amendment. My staff has discussed it, I know, with the Finance Committee. I do not know about any other committees. This is not a bill I introduced and has gone to committee. This is something I have brought…

I would also like to ask the distinguished Chairman of the Committee on Finance to confirm that steel industry fuel is a ``qualified fuel'' that is eligible for the section 29 nonconventional fuel tax credit through 2007 when one, the…

I ask this question. You are aware that there is an exposure fee that is paid by the company to the Ex-Im Bank, which is calculated to cover the credit risk of the transaction, so the credit cost to the taxpayer would be zeroed out through…

My staff has been checking this. We cannot figure out where the Senator is coming up with the $50 million to $100 million figure, since the Ex-Im Bank has not decided how they are going to structure the transaction yet.

In one second. So I would suggest, yes, there will be lots of corporations around the world that are part of this deal to build this reactor that would benefit from this, just as probably you could make the argument--and I don't want to…

In Washington, D.C., a controversial new book by Senator Rick Santorum. In the book, the Republican compares abortion to slavery, urges mothers to stay home to raise children, and questions diversity training in schools.

[t]hough only a few States enforce laws that threaten nonnegligent companies with unlimited vicarious liability, they affect consumers and businesses from all 50 States.

This provision is a common sense reform that holds vehicle operators accountable for their own actions and does not unfairly punish owners who have done nothing wrong.

Under this provision, States would continue to determine the level of compensation available for accident victims by setting minimum insurance coverage requirements for every vehicle.

Vicarious liability means higher consumer costs in acquiring vehicles and buying insurance and means higher commercial costs for the transportation of goods.

If the Senator is going to miss his train because of my 7 minutes, not because of his own speech, I will withhold. But if he is going to miss the train because of his speech--

I think I was pretty clear about that. The answer is yes. Because we raise the threshold from a half million, small business, to a million. As I said before, the half million threshold was set in 1990. It has not been indexed. I hear a lot…

I refer the Senator to line 20 through line 25. If the Senator would read that, he will find that any State which prohibits any portion of employee tips from being considered as wages, so that is the operative language that limits this…

I point out to the Senator page 20 of my amendment discusses the tip credit. It specifically refers to only States that are covered by this provision as States that do not have a tip credit. I believe it is seven States that are the only…

I believe we have done this with 27 other countries because of the unique relationship we have with them and the bond that the countries have with the U.S. Poland, unfortunately, has not been granted that status. If you look at the…

It would appear that the formula assumes that the incremental tax so disclosed would be at the full U.S. tax rate of 35 percent. Is it not correct that the amount of U.S. tax disclosed would instead be a lesser amount that takes into…

These community organizations have seen, particularly in light of the decline in the stock market in the early part of this decade, with some of the problems we have had with our economy early in the decade, the amount of charitable giving…

Christopher Lasch says we get up every morning and we tell ourselves little lies so we can live. Today, we have gotten up and we have told ourselves a little lie. Oh, the family is OK. Oh, this isn't right. Oh, whatever the lie is--but…

Certainly not where the Sweetheart City is, in Colorado. The bottom line is that we have a court that is out of control. We have courts across this country, like in Massachusetts, that are also deciding, taking their lead from what is…

It is one of the most disputed and argued--we have committees that argue over jurisdiction just between where bills are referred. We all know this in all of our lives, when there is an area of authority, that area of authority is…

I believe people can make contributions and should make contributions and should be able to contribute to our society, particularly here on the Hill. I know, as has been reported widely in the press, there are a lot of people in this…