On the recordDecember 16, 2010
There are a lot of people that believe the Democrats stand for a lot of mainstream American values: keeping our air and water clean so we can breathe and drink freely, improving our public schools, our live-and-let-live policies. But somewhere in the back of a lot of Americans' minds, they are worried that the Democrats are going to raise taxes. Well, I am proud to say tonight that thanks to the leadership of President Barack Obama, we are going to deliver one of the largest tax cuts in history. Here is a $20 bill, Mr. Chairman. For every $20 that an American family earns, that earns $40,000 a year, $60,000 a year, they are going to get an extra dollar, an extra dollar for every 20 they earn this year. And, yes, there is money that is going to go to people earning $1 million. They might get 60 or 70 cents for every $20 they earn, and, yes, we would have rather used that money to reduce the deficit. But let me tell you, Mr. Chairman, mainstream America, that extra dollar will help keep people in their homes. In addition to that extra dollar, Mr. Chairman, every American that gets a paycheck will get a 2 percent raise this year, thanks to the leadership of President Barack Obama.





