Political Quotes

“Mr. President, the last time Congress really did the big job that is before us right now was 1986. It did quite a bit to modernize the Tax Code. That was 30 years ago. In the generation since, the Tax Code has grown out of control. Everybody knows that. It has been a dream come true for accountants and lobbyists who make their living from certain provisions of that Tax Code. But for the American taxpayer, the gigantic Tax Code is not a dream, but a nightmare for most Americans. This has helped the powerful and the well connected, but it has hurt American workers. It has hurt American industry, and it hurts America's ability to compete with the rest of the world. The bill unveiled today takes a giant step forward to make our Tax Code simpler, fairer, and more competitive. It catches us up with our major trading partners, who have been lowering business tax rates while we stood still, and it keeps us uncompetitive. It will give us an opportunity to export more when we are competitive in the global economy. This bill will also help bring back jobs and create new ones. It will boost American wages by promoting economic growth and incentivizing investment. The centerpiece of the legislation is where it ought to be--in the center of our population, middle-class America, so it has middle-class tax cuts.…”