Political Quotes

Paul Coverdell: “An average family in my State gets to keep 47 percent of its gross income. In 1950 those people got to keep 80 percent.…”

On the recordSeptember 27, 1996
An average family in my State gets to keep 47 percent of its gross income. In 1950 those people got to keep 80 percent. Now they can only keep 47 percent after they get finished paying their Federal tax bill, State, local, the cost of Federal regulations, and extra costs they pay in interest payments because of the national debt that has been drummed up by an ever-increasing and larger Federal Government here in Washington. Mr. President, 47 percent is what is left at the end of the day. I will say as long as I am here that any effort to bring relief to those average families and to allow more of their earnings to stay in their checking accounts is laudable and correct, because we have pushed the average family to the wall.
Said by
Paul Coverdell
Georgia
Source
govinfo.gov

Editor's note · Context

Discussing tax relief and its impact on American families during a Senate floor speech.

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