Political Quotes

“I was the original author of the Targeted Tax Relief Disclosure Act for the last five sessions of Congress. I reintroduced it yesterday. I have introduced that legislation in every session of Congress since I have been here, starting in 1987. In fact, Mr. Chairman, I introduced that legislation as a result of a series in the Philadelphia Inquirer about the 1986 tax reform act written by Bartlett and Steel. That legislation had up to $30 billion of targeted rifle-shot tax provisions stuck in that bill. As a result of that, I introduced my legislation which I have again reintroduced in this session that does not eliminate rifle-shot provisions. What it says is we must identify ourselves up front, who is going to benefit up front, how much the transition rule or tax break is going to cost the American people. I find it somewhat ironic that we are debating this on the floor today, because the previous chairman of the Committee on Ways and Means stopped talking to me when I introduced the legislation.”