Wendy Sherman: “I ran down to this floor when I heard my colleague, the gentleman from…”

On the recordAugust 3, 1999

I ran down to this floor when I heard my colleague, the gentleman from California, refer to the Republican tax cut as fair and balanced. I thought, how could such a huge tax cut, aimed almost exclusively at the super wealthy and the giant corporations, be called balanced? And then I understood what he must have meant. See, under this tax cut, the top 1 percent wealthiest Americans get ten times the tax relief as 100 million Americans, constituting the lower 40 percent of income earners. At the same time, this tax cut provides more tax relief to job-exporting corporations than it provides to over 50 million Americans. Madam Speaker, that is the balance. Compared to the super wealthy, working Americans get the shaft. Compared to giant corporations, working families get the shaft. That is the only sense in which the Republican tax cut is balanced.

Said by

Wendy Sherman

Democratic · District of Columbia

Source

govinfo.gov

Editor's note · Context

Criticizing the Republican tax cut during a House floor debate.

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Wendy Sherman: “I ran down to this floor when I heard my colleague, the gentleman from California, refer to the Republican tax cut as…”

Editor's note · Context