Yes, if the gentleman would yield, I appreciate it, thank you. I just wanted to explain what this chart represents. And our tax cut package is about an $85 billion net tax cut, but actually its total amount is about $115 billion. This pie chart represents all of that money, the whole tax cut package, and we are looking at who does it go to. And this section in the yellow here represents 76 percent of that tax cut package, and it goes to families earning between $20,000 and $75,000. That to me says a great deal. It says this truly is a middle-class tax cut. That is the working middle class. Now some people may say well, gee, $50,000, $60,000, $70,000, where I live is not middle class, and that is true. Where I am in Florida, making $65,000, $70,000 a year, some people would legitimately argue is not middle class anymore. But I can tell you in some of our more urban areas, places like New York City, Long Island, Los Angeles, there are a lot of families struggling to make ends meet on $65,000 a year because of the very, very high cost of housing where a house can cost $300,000 a year. And if you really look, that is the middle class in the United States of America, with incomes between $20,000 and $75,000 a year. This pie chart shows you very, very clearly, 76 percent goes to those working middle-class families.
David Weldon: “Yes, if the gentleman would yield, I appreciate it, thank you. I just wanted to explain what this chart represents. And…”
Editor's note · Context
Discussing the distribution of a proposed tax cut package during a floor speech.
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