Political Quotes

“I thank the gentleman for bringing us the view from New York. He is quite correct about what happened during the great crisis in 2008, 2009. The American public, probably to the tune of about $1 trillion, bailed out Wall Street. And here we go again. Major support for the American corporations who are hiding trillions of dollars overseas. Let me just give you one other example. There is a lot of talk around here from our Republican friends that somehow, if we reduce the corporate tax rate, we will see jobs being generated and some $4,000 a year of new money in the pockets of American workers. Really? You think so? Let me give you an example of one of America's great corporations, AT&T. I think we all know AT&T. We probably have them on our smartphone. In the last decade, AT&T was capable, using various tax loopholes and deductions, to lower its effective corporate tax rate, not to 20 percent, but to 8 percent. So over that period of time, while they were reducing their effective tax rates, that is their real tax rate, from whatever it was to 8 percent during that decade, did they create new jobs? No. What they did was to lay off 80,000 workers. And at the same time, guess what? The CEO, he raked in $124 million. So what is going on here?…”