Political Quotes

“Mr. President, I want to cover what I think are the seven worst aspects of this tax bill. The first thing is that this is not a middle-class tax cut. Credible, independent analysis of this bill found that the richest 1 percent of the United States will get $85 billion of the benefits in the year 2019. These Americans will get a tax cut of more than $55,000 per person while taxpayers who fall in the middle of the road will get a couple of hundred bucks. Many in the middle class will pay more because of this bill. People making $30,000 or less will see a tax increase of about 10 percent. Even foreign investors will do better than the middle class in this bill. What do I mean by foreign investors? I mean foreign investors. I mean people who don't live in the United States but who own stock or are investors in American companies. In 2019, they will get a $48 billion tax benefit. That is a bigger benefit than more than half of the rest of the country will get from this bill. You have to work hard to design a tax plan that helps the middle class less than this one does. In fact, the Washington Post looked at this plan a few weeks ago and found that it is the worst tax plan for the middle class in 50 years. Here is the thing. It shouldn't be that hard to do a middle-class tax cut; you just do a middle-class tax cut. The No. 2 reason this bill is horrible is it is primarily written for special interests.…”