Political Quotes

“Thank you very much, Mr. Yarmuth. This is what you were talking about here, a different way of saying the same thing that you discussed. This is over the period of time from 1979 to 2005. This is the income growth by each 20 percent of the population. So those people at the very bottom saw almost no income growth at all, 200 bucks. And as you go to the next 20 percent and the next 20 percent, you get up to the last 90 percent, they did okay. They made about $745,000. {time} 2050 So that's the 90 to 99 percent of the population. Those are very, very wealthy people. They did okay. But you go to the top 1 percent, the top 1 percent--excuse me, I am wrong. That's the top one-tenth of 1 percent, not even 1 percent. One- tenth of 1 percent. That population saw their wealth increase by nearly $6 million each, and that's what you were talking about, a different way of displaying it. What's happening in the United States is this enormous shift of wealth to the super wealthy, and our Republican colleagues want to reward them for their good success by reducing their tax rate. So much for shared sacrifice. And as Mr. Tonko pointed out, the sacrifice is really the middle class, because the benefits that the middle class had, the future opportunity for Medicare, they are going to wind up paying more, getting less, as the Republicans terminate Medicare as we know it today.…”