Political Quotes

“the problem is there is no surplus. Even though CBO has projected a $1.9 trillion surplus over the next 10 years, they made false assumptions in coming up with that surplus. For example, if we project the current level of appropriations and only increase by the rate of inflation, not assuming population changes or any attempt to improve quality of life of the American people, then more than a trillion dollars is going to be used up in meeting just the need to increase by inflation. It does not assume that we will sustain any of the tax extenders. Obviously, we are going to do that. It does not assume that we will fix the alternative minimum tax. If we do not do that by 2009, we are going to have more than 15 million people paying the alternative minimum taxes. It is going to reach down to people with incomes below $50,000 a year. That has to be fixed. It is going to cost as much as $230 billion just to sustain the kind of rational tax cuts that are necessary. We want the marriage penalty fixed but not when half of the people that are benefited are now getting a marriage bonus. Because they get married, they pay less taxes. Half of the money in today's bill that is being marked up would go to those families. That is not of the best use of our resources.”