it is also true that last October we passed a ``stimulus'' bill, a bill which repealed the alternative minimum tax for businesses, but made it retroactive to 1986, giving IBM one check for $1.4 billion, GM a check for $850 million, and Enron $250 million. And my colleague wonders why the Senate did not pass his bill? The gentleman poisoned the well with that type of nonsense.
Gerald Kleczka: “it is also true that last October we passed a ``stimulus'' bill, a bill which repealed the alternative minimum tax for…”
Editor's note · Context
Discussing the impact of a stimulus bill and its retroactive provisions during a floor debate.
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