Putting that together, have we seen the wealthy, who were given huge tax cuts over the past 3 years, turn around and spend their tax cuts on these luxury items, while average workers of course have seen their wages stagnate?
Discussing the impact of tax cuts on income inequality and consumer spending.
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More from Christopher J. Dodd
I think our strength as a country relies on us as being an attractive model, and that has been diminished.
Senator Mel Martinez, of Florida, a Republican member of this Committee, and Dianne Feinstein, the Senator from California, were the two who really argued very strongly.
I hope that we will get in the next administration regulators who understand what their duty and obligation is.
I actually think the idea of actually buying these, as suggested, is not as attractive as the insurance idea.