Political Quotes

“I call up amendment No. 3106 and ask unanimous consent it be reported by number. The PRESIDING OFFICER. The clerk will report the amendment by number. The senior assistant legislative clerk read as follows: The Senator from South Dakota [Mr. Thune] proposes an amendment numbered 3106. The amendment is as follows (Purpose: To protect owners of generationally-owned businesses, farms, and ranches so that they may continue to transfer ownership or operations to family members or others based upon the same tax principles that existed when they began operations and under which they currently operate, including the full benefit of the step-up in basis) At the end of title III, add the following: SEC. 3___. DEFICIT-NEUTRAL RESERVE FUND RELATING TO SUPPORTING PRIVATELY-HELD BUSINESSES, FARMS, AND RANCHES.…”