Political Quotes

“We use Donald Trump as the example here, but there are probably 400 to 500,000 that fall into this category; extraordinary wealth. Now, we've been talking all night about the American Jobs Act, so I'm going to put this back up for us to ponder for a moment: the American Jobs Act. Total cost of the American Jobs Act: $450 million. The President yesterday said it can be paid for, and he laid out a way to pay for it and, simultaneously, over the next decade, bring down the American deficit--solve the deficit and pay for the Jobs Act. And he said that there are three ways to do it: First, those who have much must participate. They must share in bringing America back. So he has suggested that the highest income, that 1 percent, those who make over $1 million, that they participate, that they no longer would be able to have a tax rate lower than their assistants. That's the Buffett Rule. That's a big piece of it, about $800 billion over the next decade. He also said that corporations that pay no income tax today-- corporations like General Motors, corporations like Verizon, some of America's biggest corporations pay zero income tax. Last year, General Electric paid zero and got about $5 billion back in rebates. Something is seriously wrong, the President says. That cannot happen anymore. Everybody has to participate. He also said that other tax breaks for the oil companies should end.…”