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Public Statements

Death Tax Repeal Permanency Act of 2005--Motion to Proceed

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Date:
Location: Washington, DC


DEATH TAX REPEAL PERMANENCY ACT OF 2005--MOTION TO PROCEED

BREAK IN TRANSCRIPT

Mr. COBURN. Will the Senator yield for a question?

Mr. KYL. Yes.

Mr. COBURN. A lot has been made that we are going to borrow money to pay for this tax. But the fact is that the amount of money not collected that is owed to the Federal Government is close to $400 billion a year. The other side of that is there is over $200 billion a year that has been proven to be wasteful or fraudulently misspent by this Government, which we condone each year. That is $600 billion.

We would not be debating this tax if we were doing our job in terms of oversight. Just in terms of improper payments, is the Senator aware of the fact that there is over $150 billion a year paid out by the Federal Government to people who do not deserve it, have not earned it, and yet have manipulated the system to get it? I am not talking about poor people; I am talking about contractors. The point I want to make is that we would not even be having a discussion on the principles of this tax because it is not needed because we are not doing our jobs in terms of oversight. There is $600 billion that would put us into surplus by $200 billion right now, including the cost of the war, if we would just do our job. I wondered if the Senator was aware of that.

Mr. KYL. Yes, because of the great work of the Senator from Oklahoma, we have been made aware of that. He has helped to lead the effort to collect this money and save the money the Government is wasting. The Senator knows that we support fully his efforts in that regard and intend to pursue it.

I will conclude my remarks by simply saying that we have an opportunity to do something very historic for an awful lot of folks in this country who deserve the relief. I hope colleagues will give us the opportunity by supporting the cloture motion when that comes up.

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