Political Quotes

“my colleague, Senator Murray, has questioned the $1.5 trillion in tax increases that we have contended in this legislation. I think it is there because there are two separate reserve funds that would allow taxes to be increased by $500 billion without legislation and would go through without a supermajority, to be passed on a simple vote. But our colleagues say that is not there, so I would offer into the Record, Mr. President, a number of documents that support our view that it is $1.5 trillion. Others can agree, disagree about it, as it is presently written. I would offer that for the Record and our explanation and why we think that is accurate. I ask unanimous consent to have that material printed in the Record. There being no objection, the material was ordered to be printed in the Record, as follows: An Explanation of the $1.5 Trillion Tax Hike in the Senate Democrats' FY2014 Budget When the Budget Committee minority staff began analyzing Senate Democrats' FY 2014 budget last week, they discovered that the plan called for not $975 billion in tax increases-- the amount that the majority claimed--but instead $1.5 trillion in tax hikes. How is this possible? The answer lies in an arcane budget tool known as a ``deficit neutral reserve fund'' (DNRF). Because it is not possible to legislate on a budget resolution, DNRFs were created to facilitate the passage of subsequent legislation.…”