Jeb Hensarling: “As hard as I look at this bill, I can't find any tax relief in it. People who somehow think that by preventing a massive…”

“As hard as I look at this bill, I can't find any tax relief in it. People who somehow think that by preventing a massive tax increase on the American people, that that's tantamount to relief, they need to talk to the schoolteacher in Mesquite, Texas. They need to talk to the rancher in Murchison, Texas. Again, if you make the same amount of money next year that you made last year and you're paying the same amount of taxes, where's the tax relief? This bill is misnamed. The AMT is misnamed. It ought to be called the alternative massive tax increase because it's a massive tax increase on the American people of $55.7 billion. The only thing that's alternative about it is who has the great honor and pleasure of paying for this tax. Now, I've heard many speakers on the other side of the aisle come and say, well, we pay for it. Well, that will certainly come as a great relief to the teachers and the ranchers and the small business people of the 5th District of Texas to know that you're not going to increase their taxes because somehow you've paid for it. You haven't paid for anything. You've put a massive tax increase on the American people, and in this particular case, you are putting it on investment. You're putting it on small businesses. You're putting it on the capital of capitalism, and you are threatening the paychecks of the American people.”