Political Quotes

“Mr. President, I have an amendment I introduced yesterday at the desk and I have some modifications to it which are also at the desk. I ask unanimous consent that the amendment be so modified. The PRESIDING OFFICER. Is there objection? Without objection, the amendment is so modified. The amendment, as modified, is as follows: At the end, insert the following: TITLE ----ADDITIONAL BUSINESS TAX RELIEF Subtitle A--General Provisions SEC. --01. PERMANENT INCREASE IN LIMITATIONS ON EXPENSING OF CERTAIN DEPRECIABLE BUSINESS ASSETS. (a) Permanent Increase.--Subsection (b) of section 179 is amended-- (1) by striking ``$25,000'' and all that follows in paragraph (1) and inserting ``$500,000.'', (2) by striking ``$200,000'' and all that follows in paragraph (2) and inserting ``$2,000,000'', (3) by striking ``after 2007 and before 2011, the $120,000 and $500,000'' in paragraph (5)(A) and inserting ``after 2009, the $500,000 and the $2,000,000'', (4) by striking ``2006'' in paragraph (5)(A)(ii) and inserting ``2008'', and (5) by striking paragraph (7). (b) Permanent Expensing of Computer Software.--Section 179(d)(1)(A)(ii) is amended by striking ``and before 2011''. (c) Effective Date.--The amendments made by subsections (b) and (c) shall apply to taxable years beginning after December 31, 2008. SEC. --02. EXTENSION OF ADDITIONAL FIRST-YEAR DEPRECIATION FOR 50 PERCENT OF THE BASIS OF CERTAIN QUALIFIED PROPERTY.…”