Political Quotes

“I've been listening to this debate; and you know, the Republicans' claim that they're saving Medicare is political mythology. Essentially, what they're doing is shifting coverage to the private sector. They have a cap more stringent than that in the Affordable Care Act. So over time, more and more there is the erosion and the end of Medicare. I want to say just a few words about the tax provisions in the Republican budget. On Sunday, this is what was said: I don't know. That's what the Republican budget chairman said on Sunday when asked whether the middle class would suffer under his tax proposal. {time} 1800 It's important for the American public to know the facts. The Republican budget would cut taxes for the very wealthy. The top tax rate would be reduced by such a significant extent that, according to the nonpartisan Tax Policy Center, the average millionaire would receive $265,000 in tax cuts. To pay for this tax cut, the Republicans would have to put on the chopping block provisions in the Tax Code relating to health, education, the home mortgage interest deduction, and pensions. Mr. Ryan, you call these loopholes. No, these are policies. For example, four-fifths of the benefit of the health care exclusion goes to households earning less than $200,000. Half goes to those earning less than $100,000. Then 70 percent of the benefit provided through the home mortgage interest deduction goes to families who earn less than $200,000. The Acting CHAIR (Mr. Harris).…”