Political Quotes

“Mr. President, the last time Congress modernized the Tax Code was in 1986. That was more than 30 years ago, which is quite obvious to anybody who can subtract. In the generations since, the Tax Code has grown out of control. It has been a dream come true for whom? The professionals in accounting and the lobbyists who protect the loopholes. But it happens to be a real nightmare for most Americans. I would say, for most Members of Congress, as one reads regularly, very few Members of Congress do their own taxes. The outdated Tax Code helps the powerful and the well connected but hurts American workers. It hurts American industry, and it hurts America's ability to compete with the rest of the world. That means lower wages and less employment. The bill that passed out of the Finance Committee moves us very much in the right direction to make our Tax Code simpler, fairer, and more competitive. At the heart of the legislation is a middle-class tax cut. A typical family of four with two children making $59,000 a year could see a tax cut of more than $1,700. That is very significant tax relief, but you would never know it by listening to the rhetoric of my colleagues of the other political party. They have repeatedly recited the tired line that Republicans are only interested in giving tax cuts to the wealthy. In fact, they began pushing that narrative even before this bill was written. In going way back to September, they started analyzing a bill that didn't even exist.…”