Political Quotes

On the recordJuly 24, 2012
the Senator from Washington said Republicans often change the subject. That is exactly what we intend to do. We intend to change the subject from raising taxes to creating jobs. In terms of taxes, according to the Congressional Budget Office report recently released--this is hard to believe. You have to go back and read it again, but 20 percent of Americans who pay individual taxes pay 94 percent of all the taxes. Twenty percent of Americans pay 94 percent of the taxes. The President and his allies are about the only ones in the country right now who are going out across the country and saying: The way to solve this 5 years of recession and the bad economy we have experienced is to raise taxes on the people who create millions of jobs. That is their argument, that the way to deal with the bad economy we are in is to raise taxes on the people who create millions of jobs. We do not believe that. We are prepared to keep the tax rates where they are while we deal with what we need to deal with, which is the fiscal cliff that the Chairman of the Federal Reserve Board talks about, where he says, if we do not deal with it at the end of the year, we will produce, according to the Congressional Budget Office as well, a recession in the first 6 months of 2013, which means more loss of jobs. So the subject we are here to talk about this morning is how to avoid that.…
Said by
Heidi Alexander
Labour Party
Source
govinfo.gov
Jul 24, 2012

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