On the recordDecember 3, 2010
So we have a high unemployment rate, we keep losing jobs, and Republicans keep saying we have to extend the tax breaks for the wealthy. I hear that in terms of jobs--jobs, jobs, jobs. Well, that is interesting, because in 2007, the top 1 percent of all income earners in America took home 23\1/2\ percent of all the income in America. So let us get that straight. The top 1 percent took home 23\1/2\ percent of all the income. In fact, they took home more money than the bottom 50 percent of income earners total in America. Eighty percent of all the increase in income earned from 1980 to 2005 has gone to the top 1 percent. In the wake of the 2008 Wall Street bailout, executives from Goldman Sachs received bonuses totaling $13 billion--$13 billion for Goldman Sachs. So Republicans keep talking about we have to do more tax breaks for the wealthy. Well, after 10 years of tax cuts for the wealthy, where are the jobs? We have had this for 10 years--what they are trying to extend, the Bush tax cuts, which I never voted for in 2001. So we have had them for almost 10 years. If cutting taxes were so good for creating jobs, I ask my colleagues: Where are the jobs? Where are they? It is that same old trickle-down theory. If only we would give more to the top, it will trickle down on everybody else. Well, as one worker told me the other day--talking about trickle down--who has been out of a job for 2 years: I haven't had a drop. He said: I would settle for a heavy dew.…





