Senator Conrad authorized Senator Boxer to control the final 40 minutes of debate. Do we not have 40 minutes on the amendment? Senator Conrad has authorized me to delegate that 41 minutes to Senator Boxer for allowing other Senators to…
Senator Conrad authorized Senator Boxer to control the final 40 minutes of debate. Do we not have 40 minutes on the amendment?
Senator Conrad has authorized me to delegate that 41 minutes to Senator Boxer for allowing other Senators to speak during that 41 minutes.
Mr. President, I ask that the Senator from North Dakota yield such time as I may consume.
Mr. President, we are doing our best, in accordance with the direction we have gotten from the majority leader, to move this bill along. We are trying. I spoke to the manager of the bill this morning, and we are trying to do that. We want to offer other amendments. We have a couple of minutes left to speak on ANWR. We want to offer other amendments. We were ready to vote on ANWR last night, or this morning, or early this afternoon--anytime. We need to move this legislation along, and we are doing the very best we can, but we have amendments we have to offer.
I hope we have the opportunity to do that. The time is quickly dwindling, and we are doing our best not to have many votes on the vote-athon; but with each day that goes by, it appears there will have to be more because people are not having the opportunity to offer amendments.
On behalf of Senator Conrad, I yield 10 minutes to the Senator from New Jersey, Mr. Lautenberg.
Will the Senator from New Mexico yield just for a question?
The Senator from Nevada.
Last night the Senator from New Mexico said he wanted to speak for approximately an hour? How long, just so we can get people ready here.
Thank you very much.
Reserving the right to object, Mr. President.
Mr. President, just so everyone within the sound of my voice understands, we tried to have the vote earlier than 3 o'clock. The Vice President is going to be here for one reason, and I think that is a powerful reason we are going to have the vote at 3 o'clock. I have no objection to the vote at 3 o'clock.
Mr. President, if I may, while the manager of the bill is on the floor, I hope this sense of the Senate--I am happy it is their turn to offer an amendment, and we have no control over what they offer. But I hope, Mr. President, that we will not spend a lot of time on this sense-of-the-Senate amendment and that we can get to another amendment before 3 o'clock. I hope the manager will work with us so we can have Senator Graham debate this amendment as long as he thinks appropriate. We will respond, if necessary. I think this will pass overwhelmingly, with the little knowledge I have of it, and I hope we can get to other amendments.
I say to my friend, we are ready to move forward on a homeland security amendment. We are ready, as we speak, to move forward on an education amendment. We hope we can get to those amendments before too long, recognizing that my friend, the manager of the bill, wants a vote on the best kept secret around here, the $350 million amendment which we will vote on sometime.
Mr. President, I ask unanimous consent to set aside the pending amendment.
Will the Senator yield for a question?
I would like to get this amendment accepted.
Madam President, I ask unanimous consent that the order for the quorum call be rescinded.
Madam President, I have been authorized by the manager of the bill to yield 20 minutes to the Senator from West Virginia, Senator Byrd.
I announce that the Senator from North Carolina (Mr. Edwards) and the Senator from Massachusetts (Mr. Kerry), are necessarily absent. I further announce that, if present and voting, the Senator from Massachusetts (Mr. Kerry) would vote no.
Will the Senator from North Dakota yield for a question?
I have been sitting here listening to this debate. Under the proposal offered by the distinguished Senator from Arizona, it is my understanding that Warren Buffet, who is worth $38 billion, I was told----
Worth $38 billion.
If he passed away, under this amendment offered by my friend from Arizona, he would pay no estate taxes.
What would happen to his accumulated wealth?
Will the Senator from North Dakota yield for another question?
I wanted to confirm that the Senator from North Dakota has listened to Warren Buffett, Bill Gates, Sr., and George Soros. I have heard those three people state that they think it is ridiculous, senseless to have them pay no estate tax. Have you heard these three very wealthy men say this?
Will the Senator yield for a question?
In my previous question to the Senator from North Dakota, I talked about three very successful men, all of whom are senior citizens. I want to relate to the Senator from North Dakota that about 2 months ago I had dinner in Las Vegas with a man I had never met before. His name is Pierre Omidyar. Pierre is the founder of eBay. As a young man, he had this idea and on his computer developed eBay which is now a fantastically significant part of our economy. It is his. He, in spite of the stock market dropping, is worth $3 or $4 billion. He is 34 years old.
The whole purpose of his dinner with me, just the two of us, was to explain to me how he hoped I would work as hard as I could to make sure the estate tax is not repealed. Here is a man who is happily married, has two little children, and is one of the wealthiest men in America. He is not an old man; he is a very young man. And he believes, as does the Senator from North Dakota, that acquired wealth in large amounts is not good for America.
I don't think I have given this story to the Senator from North Dakota, have I?
But if we have these very successful people talking about why they believe it is bad--I have been present when Mr. Gates, Mr. Buffett, and Mr. Soros all talked about their belief that by a roll of the dice, a roulette wheel, they were born in America. They said they could have their entrepreneur genius--those are words I am using, not theirs--and if they were born anyplace but in the United States, it wouldn't amount to much. They believe as a result of their having been born in America, they owe that to America.
The Senator has heard those statements, has he not?
Would the Senator agree that those three older men and the young man have a concept of what the Senator from North Dakota is saying: Change the estate tax, raise it if it is appropriate. I believe it is appropriate. Would the Senator agree that we have tried to do that? We have asked unanimous consent. We have offered amendments that have been defeated. I want the Senator from North Dakota to see if he agrees with me. I think people want the political issue more than they want to change the estate tax. Would the Senator agree with that?
Will the Senator yield for a question?
Would the Senator, the manager of the bill for the majority, on the next amendment which will be offered, which will be prescription drugs, allow a time of 40 minutes on each side?
I withdraw the request.
Mr. President, on behalf of Senator Conrad, I yield one- half hour to the Senator from Michigan, Ms. Stabenow.
Mr. President, I ask, through the Chair, the Senator from Maine, it is my understanding she has permission from the manager of the bill to have the pending amendment set aside to offer this amendment.
I should think that is what should be done now. Does the Democratic manager agree with that?
Mr. President, on behalf of Senator Conrad, I yield to the distinguished Senator from Maryland 20 minutes.
Mr. President, I suggest the absence of a quorum and ask unanimous consent that the time be charged equally.
Mr. President, I ask if the Senator will modify his unanimous consent request that there be 10 minutes between the second and third votes.