John Garamendi said "There was significant reform of the mortgage industry with the Wall Street Reform and Consumer Protection Act, and there was also a provision--well, it wasn't in the Wall Street Reform Act, but there is a debate going on now here in Congress and in the Senate about what to do with this executive pay, with this 300-1 ratio. That is the question of: Do we continue the middle class tax cuts, and do we let the tax cuts expire that the Bush administration put in for the high and the mighty and the wealthy?" @ PoliticalQuotes.com

On the recordJuly 28, 2010

There was significant reform of the mortgage industry with the Wall Street Reform and Consumer Protection Act, and there was also a provision--well, it wasn't in the Wall Street Reform Act, but there is a debate going on now here in Congress and in the Senate about what to do with this executive pay, with this 300-1 ratio. That is the question of: Do we continue the middle class tax cuts, and do we let the tax cuts expire that the Bush administration put in for the high and the mighty and the wealthy?

Said by

John Garamendi

Democratic · California

Source

govinfo.gov

Editor's note · Context

The speaker discusses mortgage industry reform and the debate over executive pay and tax cuts.

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