Political Quotes

On the recordDecember 16, 2010
Mr. Chairman, we're voting on a tax package that gives away $139 billion in tax breaks to the wealthiest 2 percent of Americans over the next 2 years in exchange for $57 billion in unemployment compensation benefits for the next 13 months. The math just doesn't add up. Many Members are opposed to this bill because it's bad economic policy. But it's also morally wrong. Last Friday, the Congressional Black Caucus, led by Congressman Bobby Scott, a member of the Budget Committee, proposed a fair deal by eliminating the tax giveaway to the richest in our country and by extending the middle-income tax cuts, unemployment insurance, Temporary Assistance for Needy Families, Build America Bonds, affordable housing provisions, and the earned income and child care tax credit. Our proposal would also protect Social Security by offering a tax rebate instead of a payroll tax holiday to ensure that Social Security is not cut in the future, and it would create the same amount of jobs at half the cost. We should let the Bush tax break for the rich expire. Period. Extending them for another 2 years digs us deeper into this deficit hole--and we know who will end up paying for it. It won't be the rich. It will be the poor, low-income communities, and communities of color, who lack well-paid lobbyists to look out for their interests here on Capitol Hill.
Said by
Barbara Lee
Democratic · California

Editor's note · Context

The speaker is addressing a tax package that benefits the wealthy while providing limited unemployment benefits.

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