Political Quotes

Patrick Leahy: “If you had a car dealer that grossed that amount of money, considering the fact they often make only $100 or $200 on a…”

On the recordMarch 7, 2001
If you had a car dealer that grossed that amount of money, considering the fact they often make only $100 or $200 on a car, although the cars sell at $30,000 or $40,000. By the same token, the collection unit might be 20 people and they get several billions of dollars. The bottom line: The percentage of what is going to be the net profits is considerably different. What this is going to affect--which is why I use the Senator from Delaware and his definition of a small business in the bill--these are the same people, in most likelihood, the mom-and-pop store for whom $3,000 or $4,000 may mean making the mortgage payment.
Said by
Patrick Leahy
Democratic · Vermont
Source
govinfo.gov

Editor's note · Context

Discussing the impact of financial definitions on small businesses during a Senate debate.

Share

Share on XShare on FacebookEmail this quote

More from Patrick Leahy

Apr 21, 2023

I can say with absolute certainty that the proposed rules directly conflict with the legislation on a variety of matters, especially on provisions that limit access to the PTAB.

congress.gov
Apr 20, 2023

I can say with absolute certainty that the proposed rules directly conflict with the legislation on a variety of matters, especially on provisions that limit access to the PTAB.

congress.gov
May 25, 2022

Many hoped that President Giammattei would reject the corruption and impunity that his predecessors institutionalized. The reappointment of Attorney General Porras, who according to the State Department has ``repeatedly obstructed and…

govinfo.gov
May 24, 2022

If we can't clearly and unequivocally condemn the actions of white supremacists, or simply acknowledge the January 6, 2021, attack on our Capitol for what it was, an insurrection, we fan the flames of hatred and violence.

congress.gov
View all Patrick Leahy quotes

Other voices in this conversation