Political Quotes

“Well, there's nothing wrong with this bill except the label. If there were a fine, I would say, for House legislative mislabeling, House Republicans would have a very large fine to pay. This bill has nothing--zero--to do with the Buffett rule. It has everything to do with the absolute refusal of Americans to face the basic issue. The present tax laws give an inordinate tax break to the very wealthy. The Buffett rule is provided and proposed by President Obama and congressional Democrats. In addition to reducing the deficit by $46 billion, it would address a significant inequity in the Code that allows a quarter of taxpayers earning more than a million a year to pay a lower tax rate than millions of middle class families. One of those taxpayers is the Republican Presidential nominee, Governor Mitt Romney, who paid an effective tax rate lower than 15 percent in 2010 and refuses to let the American public see his tax returns for any earlier years. Indeed, the so-called tax reform legislation from Republicans would do just the opposite: provide massive tax cuts for the very wealthy, doubling down on the Bush tax cuts that have added billions to the deficit and contributed to growing income inequality. What's more, their idea of tax reform is to heap new taxes on the backs of middle- and lower-income families to pay for all of this.…”