Political Quotes

“I want to join the Senator from California in the hope that the House will pass the bill that was sent over from the Senate last night. It was a tremendous amount of effort that was put into it by a number of people over a number of days and weeks, and I think it is the best answer that we could come up with at this point in time. I particularly want to thank Leader McConnell and Vice President Biden for working numerous hours; starting, again, yesterday morning at 6:45 and winding up with something late last night, more than 12 hours later, over the last two issues, as I understand it. And, yes, I am glad that AMT was fixed. I would remind everybody that AMT is the last effort we had to tax the rich, and it backfired to where it now taxes everybody or almost everybody. So it desperately needed a fix. Now we are talking about taxing the rich again, and I hope we can come up with some collective ways that will be certain for the people who are rich and that it will last over time instead of just for a few short years. In my area of the world, the biggest thing in that bill was the estate tax. People who own land in Wyoming that they bought maybe at $40 an acre now have land that is worth $2,000 an acre or more, and they haven't figured out how to pay the taxes on these few acres they were able to scrape together over a period of time if the amount of the exemption went down to $1 million, and that is where we were headed.…”