Political Quotes

“as April 15 approaches, the President, the administration, and the Democrats in Congress are going to try and convince us anew that they have only raised taxes on the rich. Well, today we have seen the professional staff of the Joint Economic Committee release a report that shows us in hard figures that that is a lie. It is a lie because 6 million senior citizens with incomes as low as $34,000 will face an income tax increase of 70 percent on their Social Security benefits. Who is going to bear the brunt of this new income tax? Take a look at this chart. The largest share of this huge new income tax is going to be borne by individual senior citizens with incomes between $30,000 and $75,000, 44 percent of the total. How much will the rich pay? Everyone making over $100,000 will pay only 22.6 percent of that tax. Another big reason that the Clinton taxes are going to soak the middle class more than anyone also is the $33 billion in energy taxes, 70 percent of which are going to be borne by middle class income taxpayers. The Clinton administration and its tax hungry hordes in Congress are going to tell us once again only the rich are paying these taxes. As you hear this refrain, keep in mind that when they talk about soaking the rich, it is time for ordinary folks to get their rain gear.”