Political Quotes

“This amendment is not about me, it is about a lot of people paying taxes, and their taxes are going to go up if we don't pass this amendment. The Baucus amendment passed 99 to 1. That was good for America. We are filling in a gap that exists when it comes to the budget and protecting tax cuts. My amendment would extend through 2013 the marginal rate cuts that are now in law. The current law is 25 percent. If we don't pass my amendment, in 2011 the tax will go up to 28 percent, a 10-percent increase, 35 percent becomes 39.6 percent, and that means 23 million Americans are going to pay higher taxes. The estate tax relief in this amendment would protect families and small businesses from losing, through estate taxes, their deductions and exemptions. It will keep the rate at 45 percent versus 50 percent. The capital gains rate. Nine million people depend on capital gains to help support their family. The rates go up to 20 percent, if my amendment does not pass, versus 15. Dividend tax rates are great for our economy. We lock in the dividend tax rate cuts we have achieved the last couple years. Twenty-four million people are affected. Small business expensing. Under the current law, you get $250,000 under small business expensing. If my amendment doesn't pass, it goes to $25,000. There is a lot at stake if you vote against my amendment.”