Political Quotes

“We have a very stark choice today. We have a small version of the jobs bill--this one focuses on infrastructure, mostly transportation investments--paid for by a seven-tenths-of-1-percent tax on people who earn over $1 million, and it would not go into effect on any of those funds until they pass the million. So it would be taxed seven-tenths of 1 percent on income over $1 million. I make that point because it is not going to hurt anybody. A person making $1.5 million would pay an additional $3,000. This is not anything that will hurt the millionaires and billionaires. It is going to make this country stronger. It is going to grow this economy. Here is what we have: We have a Democratic jobs bill. It is $60 billion--$50 billion for roads and bridges and $10 billion for an infrastructure bank. To put that into the context of why this is such a good bill and why it would create 650,000 jobs, let me tell you what it is doing in essence. It is taking an extra year of transportation funding--we spend about $50 billion a year, approximately, through the highway trust fund--and it would inject essentially another year of spending over the next 12 months, creating well over 650,000 new jobs. The Republican alternative actually loses jobs. They say they will continue the highway trust fund for 2 years. So they are just continuing what we are already doing. That is great.…”