Joe Barton: “if I were a permanent resident at my apartment in Arlington, the gentleman from Virginia (Mr. Moran) would be my…”

“if I were a permanent resident at my apartment in Arlington, the gentleman from Virginia (Mr. Moran) would be my congressman. I get all his mailings. And he does an excellent job, so I want to commend him on this. I want to comment about having to waive the rule that we pass. My colleague correctly pointed out that when it was waived, it was waived because we were trying to cut the capital gains. And the way the capital gains code is structured, we actually have to increase the rate in order to lower the net effect of the total tax. So we have protected that in the tax limitation amendment because of the de minimis requirement, and we have a specific section in there about capital gains. So I just wanted to point that out. I know the gentleman may not have known that.”