At what point do you raise marginal tax rates up to the point where you literally harm economic growth?
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You pay it in, you earn money in investment, and then you get the money out, right?
I think you are not going to get even close to the revenue you think you are going to get, because you are going to create a huge disincentive for work.
Well again, anybody who has just hit like $100,000, I mean the maximum.
Back then it is kind of hard to get the exact number of workers versus beneficiaries.
What he wants to do is increase people's taxes to basically about 57 percent.
It was never intended as a welfare program; correct?
We are going to create this Trust Fund, not invest real assets.
The trouble is there is no Reagans or Tip O'Neills in Washington right now.
This would literally turn at least a good chunk of Social Security into more of a general welfare program.
It is literally more like you have a piece of paper that says $20 and you are saying I have got 20 bucks.
We are marking up the bill 55 days before the election. This is not promoting election integrity.
I have no doubt there are current Members that may be here in the 244th, but it will not be me.
We are in a critical time where our ally Israel needs our support. With the rise of antisemitism in this country and around the world, it is crucial that we are protecting Jewish American history and expanding education efforts.
As Chairman of this Committee, my focus has been on increasing participation and restoring Americans' confidence in our elections.
My bill, the Secure Handling of Internet Electronic Donations, or the SHIELD Act, will do just that.
Increasing election integrity should be a nonpartisan issue, and I hope today's discussion will help prove that.
I strongly support this legislation for continuity of operations and succession purposes.