Political Quotes

Mike Levin: Let me just finish. Look, another point, we have voted, we Democrats, two or three times on the AMT. We voted two or…

On the recordMay 10, 2006
Let me just finish. Look, another point, we have voted, we Democrats, two or three times on the AMT. We voted two or three times. You are Johnnie-Come-Latelys. So now what you say is, vote for a bill that has that in it, but has these provisions on dividend and capital gains. As Mr. Stark said, essentially you are bringing a tax bill here that has caviar for the very wealthy and mostly crumbs for most everybody else. That is what you are doing, and the chart shows it: a household, 50- to 75,000, $110; a household from $500,000 to $1 million, $5,500; and more than $1 million, $41,000. {time} 1645 I read in an editorial a few days ago in the Post, ``While the income of the families in the middle fifth of society has grown 12 percent since 1980, the income of the top 10 percent has grown 67 percent, and the income of the top 1 percent has more than doubled. In short, the rich have grown a whole lot richer.'' So what you are doing here is giving this immense tax break to a relatively few very wealthy people, and you are combining it tomorrow with a budget bill, according to your own language, and I quote, ``the debt limit will be increased from $8.965 trillion to $9.618 trillion in an increase of $653 billion'' under your proposal. So you are saying give the very wealthy, making $1 million or more, 45 percent of this tax bill, while you are increasing tomorrow the national debt by over $653 billion.…
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Mike Levin
Democratic · California

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