Political Quotes

“Yesterday, Republicans voted to make tax cuts for millionaires their priority over giving 114 million middle class Americans certainty. Today, they are doubling down on that agenda. The so-called principles laid out in this bill would rig tax reform to shift the burden of taxes further onto the middle class and ship jobs overseas. The Joint Economic Committee analysis--it's described here--found that the average millionaire would get another $331,000 in tax cuts, while middle class families making less than $200,000 would see their taxes go up by an average of $4,500. For millionaires, a tax break of $331,000; for middle class families, a tax increase of more at $4,500. That's the Joint Economic Committee's analysis. Why? Because the only way to finance these massive tax cuts for the highest earners is to eliminate or significantly curtail provisions that support the middle class. These are not loopholes. These are policies that in many cases help made the middle class of this country. Seventy percent of the benefit of the mortgage interest deduction, for example, goes to those who make less than $200,000. And 82 percent of the benefit of the exclusion for employer-provided health insurance goes to those making less than $200,000. And likewise, the provisions relating, for example, to education. Republicans like to say they will eliminate loopholes--and we just heard that language--and special interest provisions to pay for lower rates.…”