Political Quotes

John Spratt: “No. I'm talking about statements in our budget resolution which state emphatically and clearly, ``It is the policy of…”

On the recordMay 8, 2007
No. I'm talking about statements in our budget resolution which state emphatically and clearly, ``It is the policy of this budget resolution to preserve, defend and protect the middle-income tax cuts adopted in 2001 and 2003, which will expire in 2010.'' Now, we do believe, and this also is in our budget resolution, we believe in the PAYGO principle. We believe that the Tax Code is full of deductions and credits and exemptions and exclusions, and you can go through a closet cleaning in the Code and come up with enough offsets to provide for the extension of many of these tax cuts, maybe not all but many, without any adverse impact on the bottom line budget deficit.
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John Spratt
South Carolina
Source
govinfo.gov

Editor's note · Context

Discussing the budget resolution and the preservation of middle-income tax cuts.

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