Political Quotes

“In a nutshell, here is the Republican and the President's case. They want you to believe that if you cut corporate taxes, if you cut taxes on the investor class, that this is going to raise wages. That is the President's argument. Here is what I don't understand. If you want to raise wages, why not just raise wages? Why not just give the tax credits to working families? The President's Wall Street bankers have a different theory that only gets credence in the beltway. This is not about economics. This is about common sense. Think about it. You don't have to be a Ph.D. economist to know that the better way to raise wages is not to cut taxes for corporations, but to actually give the tax relief to people making under $75,000. You don't have to be a Ph.D. economist to know that if you cut taxes for shareholders and corporate CEOs, they are probably going to invest it overseas. If you cut the taxes or give the tax relief to people making 50 grand in Michigan or Ohio, they are going to spend it and create jobs in the United States. This is just common sense. You don't have to be a Ph.D. economist to know that if you really want to create jobs, invest in technical training for the million skills gap we have, instead of putting hopes on corporate CEOs who already have record profits, that somehow they are going to create more jobs. Mr. Chair, it used to be that there were serious thinkers on the Republican side, people like Jack Kemp.…”