Political Quotes

“Mr. Speaker, my, my, my, what a heated debate we are having today. I came to the well to talk about what this debate is all about. A lot has been left out by those Members on the other side of the aisle because they are afraid for the truth to surface, so I wanted to bring the real facts about what is going on here. The child tax credit provision in this new tax law is refundable, and it is refundable to the extent 10 percent of earned income in excess of $10,500, people that make $10,500 get a refundable tax rebate. In 2005, the 10 percent rate goes up to 15 percent. What this fight is over is there was a provision in the Senate that basically said they wanted to accelerate that 2 years, and we may want to do that in the proper way under regular order; but what the Democrats are angry about is that we did not accelerate that spending increase; and thanks to the tax relief passed by Republican Congresses over the last 8 years, 13 million American families have had their entire income tax liability eliminated, eliminated.”