Political Quotes

“I ask unanimous consent that the reading of the amendment be dispensed with. The PRESIDING OFFICER. Without objection, it is so ordered. The amendment is as follows: (Purpose: To strike the extension of the limitation on State and local taxes and extend the limitation on excess business losses of noncorporate taxpayers, and for other purposes) On page 545, strike line 1 and all that follows through page 547, line 17, and insert the following: (b) Effective Date.--The amendment made by this section shall apply to sales in calendar quarters beginning after the date which is 1 day after the date of enactment of this Act. SEC. 13902. INCREASE IN RESEARCH CREDIT AGAINST PAYROLL TAX FOR SMALL BUSINESSES. (a) In General.--Clause (i) of section 41(h)(4)(B) is amended-- (1) by striking ``Amount.--The amount'' and inserting ``Amount.-- ``(I) In general.--The amount'', and (2) by adding at the end the following new subclause: ``(II) Increase.--In the case of taxable years beginning after December 31, 2022, the amount in subclause (I) shall be increased by $250,000.''.…”