Political Quotes

“That has been the gold standard for a significant period of time. That is what I campaigned on. That is a promise I made, and I want it to be even lower than that, at 22 percent. By the way, if there is a better way to pay for what I am trying to do here, I am open to that. I want to make two more points of criticism. We already have too many people not paying income tax. This would create even more. In essence, it narrows the base. First of all, to the extent this credit takes people off the tax rolls at all, it isn't forever. It is until their children turn 17. The second argument--and I actually agree with this--is what we are doing here is going to make us more competitive in the world, and that is going to lead to economic growth. That is not just going to create more jobs, it is going to create pay. We have been told by the White House economists, by the Finance Committee, by multiple different experts that we can expect to see real wage growth, on average, up to $4,000. If you are going to be raising wages, then you are going to have people graduating to higher tax brackets or into the income tax range. In essence, what the people who make this argument are saying is, for purposes of economic growth and revenue, this is going to be dynamic, and it is going to grow the economy. I agree with that, but for purposes of the child tax credit, a bunch of people are not going to get pay raises.…”