Political Quotes

“I only have a few minutes of time on the floor so I want to be relatively brief. I want to share with you a chart that shows what is actually happening as a result of this proposed tax bill. Here is what is happening. There are 572,000 taxpayers. That is about half a million taxpayers in America who are fortunate enough to make more than $1 million a year. As a result of this proposed plan, they will receive $34 billion in tax cuts. They will receive $34 billion in tax cuts this year, next year, and the year after that. That is an average tax cut of roughly $59,000 a person. That is $34 billion going to 572,000 taxpayers. What about the middle-class people the Republicans claim this bill is about? There are 90 million taxpayers--not half a million--90 million taxpayers who make $50,000 or less. Do you know what they get under this bill? They don't get $34 billion. By the way, if you include the estate tax, that number is $39 billion, $40 billion. They get $14 billion. That is an average tax cut per taxpayer of $160 a year, and that is in 2019. That is the best year these guys have--after that, it goes negative--and $160 a taxpayer is equivalent to $7.50 a paycheck. So I suppose in 1 year, you could say there is a $7.50 tax cut per paycheck. That doesn't sound like a tax bill that is a middle-class tax bill to me. These are the tax cut levels under the Republican plan also in 2019. This is the $59,000 number.…”