Political Quotes

“I thank Mr. Cicilline so very much for joining me tonight. I really want to go back and plow this field one more time. I am just a farm boy from California. I don't know that we have said it enough nor have we said it all. We do know that in this tax scam there is a $1.4 trillion reduction in corporate taxes with no assurance that that is going to create jobs in America. But quite the opposite. It will be a great boon for the superwealthy, who will see their stock values go up as that additional after-tax income for the corporations is spent on stock buybacks, dividends, and executive pay. We know that the alternative minimum tax will disappear, and that is about $900 billion to the, again, top income earners. We know in California and across the Nation that the State and local tax deduction will be gone. That will probably cost those 32 percent of the taxpayers--the tax filers in my district that use that deduction-- $1,000 to $2,000 in additional taxes. We know this is going to go on and on, and we know that the deficit is going to be increased. There may be some growth. There has been one analysis that said there may be a couple hundred billion dollars of growth, but it is not going to make up for the $1.5 trillion deficit on top of the existing deficit. We know the deficit hawks will be back. They have said it very clearly. They are going to come back and they are going to cut Medicare and Medicaid.…”