Austin Scott: “Mr. Speaker, I am laughing because I honestly don't even know if a billionaire lives in my district. The idea we would…”

“Mr. Speaker, I am laughing because I honestly don't even know if a billionaire lives in my district. The idea we would be up here, doing a bunch of tax cuts for billionaires, as they have continued to repeat, I guess they think if they say it enough times, then everybody will start to believe it. Let me talk about Massachusetts-02. Massachusetts has 524,530 taxpayers. The average taxpayer in that district will see a 20 percent tax hike if this piece of legislation is not passed. A family of four, making $95,000 in the district, would see a $2,100 tax increase if this piece of legislation doesn't pass. Mr. Speaker, 89,000 Massachusetts-02 families would see their household's child tax credit cut in half and 89 percent of Massachusetts taxpayers would see their guaranteed deductions cut in half. There would be 64,380 small businesses in Massachusetts-02 that would be hit with a 43.4 percent tax rate if the 199A small business deduction expires. Mr. Speaker, 22,427 of those citizens would be impacted by the return of the alternative minimum tax, and 1,780 family-owned farms in Massachusetts-02 would have their death tax exemptions slashed in half next year. Mr. Speaker, they keep using the word 'billionaires.' The bottom line is they are trying to raise taxes on everyday Americans that deserve better. They work hard for their money. Candidly, the government takes too much of it from them anyway.”