Political Quotes

“So I thank my colleague for his response, but I take issue with some items that I do believe need to be addressed and clarified. He makes the claim that the tax reforms from about a decade ago, I believe it was 2017 to be more precise, was good for the economy. It begs the question: Good for whose economy? Good for whose pocketbook? The breaks were disproportionately for the most wealthy in America, and average working families didn't benefit nearly, nearly as much. That is where we should be focusing relief, No. 1. No. 2, he argues that the math has been settled because when tariffs are imposed, those are revenues going into the U.S. Treasury. I repeat: When the costs go up by American companies importing products, they are going to pass along that increased cost to American consumers. So it is a tax by another name. And the last point I will make is this because it was relevant in the Environment and Public Works Committee hearing earlier today when Transportation Secretary Duffy talked about the concern the administration has about the increased costs and budgets of a lot of transportation projects compared to the costs of projects 4 years ago, 8 years ago, et cetera. It begs the question: What will be the impact of these tariffs, whether it is on transportation projects, on water infrastructure projects, on energy infrastructure projects when the cost of materials goes up? It is going to increase costs. It is going to delay projects. And, once again, who pays the price?…”