Political Quotes

“I am in its present form. The SPEAKER pro tempore. The Clerk will report the motion to recommit. The Clerk read as follows: Mr. Rice of South Carolina moves to recommit the bill H.R. 5377 to the Committee on Ways and Means with instructions to report the same back to the House forthwith with the following amendment: In the matter proposed to be inserted by section 2(a), insert ``if the adjusted gross income of the taxpayer for such taxable year does not exceed $100,000,000,'' after ``January 1, 2020,''. In section 3, strike subsection (a) and insert the following: (a) In General.--Section 164(b) of the Internal Revenue Code of 1986, as amended by section 2, is further amended by adding at the end the following new paragraph: ``(8) Suspension of dollar limitation on state and local taxes for 2020 and 2021.-- ``(A) In general.--In the case of any taxable year beginning in 2020 or 2021, subparagraph (B) of paragraph (6) shall not apply. ``(B) Exception for certain high-income taxpayers.-- Subparagraph (A) shall not apply to any taxpayer for any taxable year if the adjusted gross income of such taxpayer for such taxable year exceeds $100,000,000.''. In the matter proposed to be inserted by each of sections 4(a), 4(b)(2), 5(a), and 5(c), strike ``$500'' and insert ``$1,000''. Mr. RICE of South Carolina (during the reading). Madam Speaker, I ask unanimous consent to dispense with the reading. The SPEAKER pro tempore.…”