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This effort builds on similar pieces of legislation that this Committee has advanced this Congress.
These things aren't going to get enacted into law, they are not going to make a difference to the American people. It is a distraction, it is a sideshow.
I have 190 days left in Congress, so I have been spending time on issues that bring people together rather than divide them.
The extension of the kinds of policies that President Trump enacted would, I believe, be not only bad for the typical American, but be bad for our overall economy.
It's estimated that, by the end of this decade, the hedge funds will own some 40 percent of the single-family rental houses in America.
My father, the mechanic, would ask the question, why is it that working people who earn their income by the sweat of their brow pay a higher marginal rate than do millionaires getting a return on their already existing investments?
Is there any logic to saying that we should keep homeownership, single-family homeownership, on the plate of middle class Americans?
It's estimated that, by the end of this decade, the hedge funds will own some 40 percent of the single-family rental houses in America.
The extension of the kinds of policies that President Trump enacted would, I believe, be not only bad for the typical American, but be bad for our overall economy.
People are watching the dream of homeownership disappear before their eyes, for their children.
Hedge funds want to take that off the plate of middle-class Americans and put it on their plate.
I want to know, to what degree, Mr. Stiglitz, would retaining some of the cuts for the wealthiest individuals and the corporations from the previous Trump tax cuts, or increasing those cuts, how would that benefit ordinary Americans?
My father, the mechanic, would ask the question, why is it that working people who earn their income by the sweat of their brow pay a higher marginal rate than do millionaires getting a return on their already existing investments?
Is there a reasonable argument to say that, in terms of equity, under how we approach the opportunity and the stake in our society for ordinary working Americans, hedge funds shouldn't be in the single-family housing market?
The extension of the kinds of policies that President Trump enacted would, I believe, be not only bad for the typical American, but be bad for our overall economy.
President Trump made recently when he told some of the country's wealthiest political donors they should increase their donations from $2 to $3 million to $25 or to $50 million in support of his election, because his tax policies would…