Today we have the opportunity to provide tax cuts for 98 percent of all Americans--on earnings up to $250,000. But as you just heard and as you are going to hear throughout the day, the Republicans don't want to have that tax cut for 98 percent of the people, saving them some $2,000. They want them for millionaires and billionaires, those guys who don't need it. That's where they are going to focus their efforts, to block tax cuts for those in the middle income ranges. That's their whole purpose from this point on, is to block any action in this House or in the Senate. The Republicans want to take care of those people who can already take care of themselves, take care of themselves very well, by giving tax cuts for millionaires and billionaires; while Democrats are going to look out for middle income earners and we are going to fight hard today to make sure there are tax cuts for those earning up to $250,000. Now, those tax cuts are for everybody, even the super giant wealthy, but only up to their first $250,000 in earnings. We will work hard today to make sure the middle income earners are protected.
Editor's note · Context
Speaker Perlmutter addresses tax cuts for middle-income Americans versus tax cuts for the wealthy.
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