Political Quotes

“I thank the gentleman from Michigan. He is absolutely right. I want to also point out that we did ask Mr. Barthold, the Chief of Staff for the Joint Committee on Taxation, about this tax and what its ramifications are. I asked him: Will this fall unevenly as we have seen across the Northeast and as we have seen across the West Coast? The response was: It is not possible to say that in all cases-- meaning all 50 States--that these taxpayers will have lower total income tax liability under H.R. 1 than under the present law. Why? Because they are not going to be allowed to take the deductions they normally get. In the State of Connecticut, 41 percent of our citizens utilize and itemize their deductions under the code that they have been able to do since 1913 and its inception. Why is this important? Well, we have heard Mr. Brady say--after everyone gets up and speaks, he talks about what is going on in their district in an overgeneralized manner. So I asked Joint Tax: What would it be for a couple in West Hartford with a child in college? They own a home and have a combined income of $125,000. Under the Republican plan, they would see a $767 tax increase in 2018, and they would see more than a $1,667 tax increase in 2023, when the family credit expires, a point Mr. Neal has made repeatedly. Tax cuts are made permanent for corporations and the wealthy. The wealthy get the alternative minimum tax and they get the estate tax and they are made permanent.…”