[Congressional Record (Bound Edition), Volume 153 (2007), Part 22]
[House]
[Page 30727]
[From the U.S. Government Publishing Office, www.gpo.gov]




                      MAIN STREET OR WALL STREET?

  (Mr. DeFAZIO asked and was given permission to address the House for 
1 minute.)
  Mr. DeFAZIO. Get ready. You're going to hear a lot of fuzzy math, 
obfuscation and general BS here on the floor today; but there has never 
been a more clear choice between Main Street and Wall Street America.
  On one side, tax relief for 22 million American families, 247,000 
families in Oregon, 39,000 in my district, relief from the onerous 
alternative minimum tax.
  On the other side, 50,000 millionaires and billionaires who manage 
private investment funds and exploit a tax loophole to pay a rate of 
taxes less than that paid by a teacher or a cop walking the beat. The 
bill would ask those 50,000 millionaire and billionaire investors to 
pay their fair share so that 22 million middle-income families can get 
relief from the alternative minimum tax, a tax originally designed to 
get at the millionaires and billionaires.
  There will be gnashing of teeth because the millionaires and 
billionaires are very generous come campaign time. But you can't dodge 
this vote; Main Street or Wall Street?

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