Political Quotes

“we are now in the final week of tax- filing season. While filing season typically ends on April 15, this year, taxpayers have until May 17 to file or to request an extension. This is also the third filing season under the tax cuts and reforms that the Republicans enacted in 2017. For the vast majority of Americans, this means they are paying significantly less in income taxes than they were under prior law. Moreover, thanks to a nearly doubling of the standard deduction, most Americans are paying less without having the headache of itemizing their taxes. More importantly, prior to the pandemic, tax reform contributed to the best economy America had seen in decades. Unemployment reached a 50-year low and was at or below 4 percent for 24 consecutive months. Family incomes and workers' wages experienced robust gains. In fact, wage growth was the strongest for low-wage workers. As a result, we actually saw income inequality decline. Unfortunately, the current administration's ambitions to use the pandemic as an excuse to pass a Big Government, anti-growth agenda threatens our return to a thriving economy. First came its $2 trillion untargeted COVID relief bill that focused more on enacting a liberal wish list rather than on pandemic relief. A lot of my colleagues have referred to only 10 percent of that $1.9 trillion bill actually being related to problems caused by the pandemic.…”