Political Quotes

“I think he stated honestly and fairly where we are today. Not only did President Obama's own Office of Management and Budget Director, Peter Orszag, say we ought to keep the rates where they are, not go up on the upper income people at this time of economic stress and job loss, not raise taxes on them--although my colleague is saying that somehow if we pass this legislation it would be a bonus. For 10 years these rates have been at this level. We are talking about raising the rates if we don't take action. I am going to recall that Senator Alexander serves on the Budget Committee, as does Senator McCaskill. We worked hard on some important legislation together that I think will be helpful in containing spending. We recently had a Budget Committee hearing a few months ago. I think Senators Alexander and McCaskill were there. We had three premier, exceedingly well-known economists testify, two called by the majority and one called by the Republican minority.”