Mr. Speaker, pursuant to House Resolution 317, I call up the bill, (H.R. 1906) to amend the Internal Revenue Code of 1986 to adjust the estimated tax payment safe harbor based on income for the preceding year in the case of individuals…
Mr. Speaker, pursuant to House Resolution 317, I call up the bill, (H.R. 1906) to amend the Internal Revenue Code of 1986 to adjust the estimated tax payment safe harbor based on income for the preceding year in the case of individuals with adjusted gross income greater than $5 million, and ask for its immediate consideration in the House.
Mr. Speaker, I yield myself as much time as I may consume.
I rise in support of H.R. 1906. No one, but no one will pay more taxes under the bill. It merely ensures that multi-millionaires don't add to our tax gap.
The bill changes in a very minor way estimated tax payments made by wealthy individuals with incomes of more than $5 million a year. It makes a technical timing change to tax payments made by these individuals. They do not pay more taxes. H.R. 1906 is critical to the pay-as-you-go pledge of this Congress.
I am pleased to have supported H.R. 1905, the District of Columbia House Voting Rights Act of 2007. For 207 years, Washington, D.C. residents have paid Federal taxes, and for 207 years they have had not a voting representative in the United States Congress.
The right to vote is precious. It is sacred. It is the cornerstone of our democracy.
Americans sacrificed everything for this right. They were harassed, beaten, jailed and even killed for the right to vote.
Not so long ago, many of my friends, many of my colleagues lost their lives. There are many more faceless, nameless heroes who suffered and sacrificed for this basic right.
How can we preach this principle around the world and not practice it here in our Nation's Capital? It is the foundation of our democracy.
So I urge all of my colleagues to support H.R. 1906.
Mr. Speaker, I reserve the balance of my time.
Mr. Speaker, I ask unanimous consent to give Members 5 legislative days to revise and extend their remarks on the bill, H.R. 1906.
Mr. Speaker, I yield 3\1/2\ minutes to the gentleman from Indiana, Congressman Hill.
Mr. Speaker, I yield 3 minutes to the gentleman from Mississippi.
Mr. Speaker, I now yield 5 minutes to the gentlewoman from the District of Columbia (Ms. Norton).
Mr. Speaker, I yield myself such time as I may consume.
I don't understand it, Mr. Speaker, how my colleague, my friend, my brother from Georgia can come here and state in an open way that this is the most oppressive Congress. We have only been in the majority for 4 months, 4 short months, not quite 4 months. You really don't believe that.
Yes, I will yield to my friend.
Let me say to my friend from Georgia, I think it was a good and a necessary rule.
I will no longer yield.
Mr. Speaker, I reserve the balance of my time.
Mr. Speaker, this is an historic day. This is a wonderful day for the people of the District of Columbia.
I first came to Washington, Mr. Speaker, in May of 1961 to go on something called the Freedom Rides. It was impossible for blacks and whites to board a Greyhound bus or Trailways bus here in the District of Columbia, and travel together through Virginia, North Carolina, South Carolina, Georgia, Alabama, into Mississippi and to New Orleans.
I came back here in 1963 at the age of 23 with Eleanor Holmes Norton, the gentlewoman from the District of Columbia, to participate in the March on Washington. To be here and see Jack Kemp, an old friend, former colleague, on this day is a great day.
So, Mr. Speaker, I strongly support H.R. 1906. And I want to make it plain and crystal clear that no one, but no one, will pay more taxes under this bill. It changes in a very minor way estimated tax payments made by wealthy individuals. This bill does not increase their taxes. It would affect only 4,000 multimillionaires. It is only a tiny change.
Yes, I am going to say it again: I am pleased to have supported H.R. 1905. Today is the day for Washington, D.C. residents to realize the dream that so many take for granted. The 200-year wait is over. The 200-year wait is over.
Mr. Speaker, I urge all of my colleagues on both sides of the aisle to vote ``yes'' for H.R. 1906.
Mr. Speaker, I submit the following for the Record:
Rules From the 109th That Added Text of House-Passed Bills to
Underlying Bill
H. Res. 151 rule for H.R. 1268, 3/14/05, 7:30 p.m., Making
Emergency Supplemental Appropriations for FY2005--a.k.a.
Iraq/Afghanistan/Tsunami Relief.
Open: waives all points of order against consideration;
waives points of order against bill for clause 2, Rule XXI
except two sections; provides for the text of H.R. 418 as
passed the House to be added to the end of H.R. 1268.
H. Res. 783 rule for H.R. 4975, 4/26/06, 11:20 p.m.,
Lobbying Accountability & Transparency Act of 2006--ethics
reform.
Restrictive: waives all points of order against
consideration; 1 hour general debate controlled by Majority &
Minority Leaders; makes in order Rules Committee 4/21/06
print in Part A of Rules' report and self-executes its
adoption; allows only those amendments printed in Part B of
the Rules' report as specified; waives all points of order
against amendments; after final passage adds text of H.R. 513
as passed the House (527 Reform bill) to H.R. 4975; provides
for consideration of Senate bill (S. 2349) and substitutes
House passed text and calls for conference; waives all points
of order against consideration of Senate bill and against
motion to strike and insert.
H. Res. 1100 & 1099 rules for H.R. 6406 and H.R. 6111, 12/
7/06, 10:30 p.m., To modify temporarily certain rates of duty
and make other technical amendments to the trade laws, to
extend certain trade preference programs, and for other
purposes.
Closed: Consideration in the House; waives all points of
order against consideration; provides that in the engrossment
of H.R. 6111, the text of H.R. 6406 will be added at the end.
(H. Res. 1099) Provides for a motion to concur in the
Senate amendment with an amendment consisting of the text of
H.R. 6408 for a bill to amend the Internal Revenue Code of
1986 to provide that the Tax Court may review claims for
equitable innocent spouse relief and to suspend the running
on the period of limitations while such claims are pending--
vehicle for tax extenders and more . . . .