Video archive of the US Congress

Senate Proceeding on Dec 15th, 2009 :: 0:41:40 to 0:44:50
Total video length: 2 hours 44 minutes Stream Tools: Stream Overview | Edit Time

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Lamar Alexander

0:41:26 to 0:41:46( Edit History Discussion )

Lamar Alexander: i note my colleague from tennessee mr. alexander: i wanted to congratulate the senator from idaho for his amendment to help the president keep his commitment. that's and i would think that our friends on the other side of the aisle would all want to join us in that.?? the president said we're not going to raise taxes on people

Lamar Alexander

0:41:40 to 0:44:50( Edit History Discussion )
Speech By: Lamar Alexander

Lamar Alexander

0:41:47 to 0:42:07( Edit History Discussion )

Lamar Alexander: making less than $250,000 a year. it's amazing to hear the comments that i've just heard. i mean, the whole crux of the bill -- when we stop and think about it, regardless of whatever, whatever the democrats decide to do about this so-called public option, they

Lamar Alexander

0:42:08 to 0:42:28( Edit History Discussion )

Lamar Alexander: still seem determined, or at least the majority leadership seems determined to engage in this political kamikaze mission towards an historic mistake. there's all this talk about history. but there are lots of different

Lamar Alexander

0:42:29 to 0:42:49( Edit History Discussion )

Lamar Alexander: kinds of historic mistakes have been made about taxes. for example, there was the smoot-hawley tariff of 1930. that was a big tax. it sounded like a good idea at the time. president hoover, a republican president, recommended, the idea was to keeping out cheaper foreign products, and it led us into the

Lamar Alexander

0:42:50 to 0:43:10( Edit History Discussion )

Lamar Alexander: great depression. it was an historic mistake. there was more rently the boat luxury tax. this sound tkpwaofpltd it was part of the budget -- good. it was part of the budget deal of 1990. congress put a 10% luxury tax on boats costing more than $100,000. that sound familiar? we're going to get the rich people.

Lamar Alexander

0:43:11 to 0:43:31( Edit History Discussion )

Lamar Alexander: we didn't get the rich people. it got the working people. the unintended consequences was it sank the boat industry costing jobs and congress rushed back in and repealed that historic mistake. there was the medicare catastrophic coverage act of 1988, another good-sounding goal

Lamar Alexander

0:43:32 to 0:43:53( Edit History Discussion )

Lamar Alexander: to help older people reduce the risk for illness-related catastrophic financial losses. but a lot of our senior americans resented the ideas of paying additional taxes for that coverage. they revolted, and congress less than a year and a half later repealed it. and then we all remember the millions' tax.

Lamar Alexander

0:43:54 to 0:44:15( Edit History Discussion )

Lamar Alexander: that's a -- the millionaires tax. in the late 1960's there were americans not paying high income tax, so congress imposed something called the alternative minimum tax. and last year it affected 28 million taxpayers. so, i would say to my friend from idaho, i think he's doing the country and the president a

Lamar Alexander

0:44:16 to 0:44:37( Edit History Discussion )

Lamar Alexander: great service by offering this amendment to help keep the promise. because whatever the majity leader decides to do about the government option, this legislation is still, wn fully implemented, $1 million in medicare cuts five years before medicare is scheduled to go broke, according to its

Lamar Alexander

0:44:38 to 0:44:50( Edit History Discussion )

Lamar Alexander: trustees. it's nearly $1 trillion in new taxes in 10 years when fully implemented, as the senator from idaho has pointed out. there's no question about that.

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