Political Quotes

“I get a little upset when I hear one side say that the other side doesn't care about infrastructure. That is not true. We even had a colloquy just a little while ago where the two sides said we need infrastructure. I agree that we need infrastructure, but I will oppose this amendment because it is telling the tax committee exactly what to do to provide infrastructure. One committee is getting into another committee's jurisdiction to say exactly how to do it, and that is not right. That is not the way we handle legislation around here. Senator Wyden is on the tax committee. He is the ranking member on that committee. Senator Hatch is the chairman of that committee. They are both concerned about infrastructure. There is already a provision in the bill that allows for the money to be put into place to do it, but that provision does not tell the Finance Committee that it must plug a certain tax loophole and put it into infrastructure. The committee can do that, and the President's budget--one of the reasons there is some excitement here--on money that is held overseas by companies, puts a mandatory 14 percent tax on that and expects it to be brought back right away to fund these things. That is a proposal that has been in the tax committee before--but not at 14 percent. It has been at a lower rate. Fourteen percent is more money than both the highway committee and the defense committee are talking about.…”