Jeb Hensarling: “this bill is very cleverly entitled the Temporary Tax Relief Act of 2007. But there's no tax relief here; no tax relief…”

“this bill is very cleverly entitled the Temporary Tax Relief Act of 2007. But there's no tax relief here; no tax relief at all. All they do is for one year postpone a huge automatic tax increase on some people and they combine that with a $76 billion tax increase on others. So maybe the ``temporary'' is accurate, the ``tax relief'' is not. All they are doing is rearranging the deck chairs on the Titanic tax ship. That is what this bill is all about. AMT ought to stand for ``automatic major taxation.'' When I hear my Democratic friends decry it, they have had opportunity to get rid of this bill in the past, and perhaps there are some freshmen here, if they haven't had an opportunity, I would invite them to cosponsor the Taxpayer Choice Act, which would permanently repeal this huge automatic tax increase. But, wait, our Democrat friends say, well, you have got to have something that is revenue-neutral. Well, guess what? Fully repealing the AMT is revenue-neutral. It is revenue-neutral to the taxpayer, the one who counts; not revenue-neutral to the Federal Government, but revenue-neutral to the hardworking taxpayer, the teacher, the fireman, the person who's trying to send their kid to college, pay for their mortgage payment. And you take that away. That is wrong. Vote this bill down.”