Spencer Cox: “I would observe in response to the previous speaker that the House has acted on prescription drugs. We have passed a…”

“I would observe in response to the previous speaker that the House has acted on prescription drugs. We have passed a prescription drug bill here to add a prescription drug benefit for Medicare beneficiaries. The President has said he will sign it and it awaits action in the Senate where the bill is not moving. The same is true of the death tax. The House has acted. We have already, Democrats and Republicans, voted on a bill by majority vote here and sent it to the Senate. It is the bill the President has asked for and he will sign it. It makes permanent the repeal that is already in existing law. We repealed the death tax originally because a majority of the Congress and a big super majority of the American people recognize that the virtual confiscation of an individual's after-tax lifetime savings is wrong and immoral. It was said just a moment ago that this somehow affects only the rich. To the contrary, the problem has been the forced liquidation of small businesses, and the people that are laid off, who lose their jobs at ranches and farms and small businesses across the country are not the rich.”