Political Quotes

“Mr. President, the Democrats claim that the Republicans are gearing up for a so-called class war and that extending the 2017 tax cuts is a handout for the wealthy. We have heard this so many times. It is no more true now than it has been the last umpteen times. The Trump tax cuts reduce taxes for an overwhelming majority of Americans, and middle-class households receive the largest proportional benefits of the cuts. Those tax cuts also made our Tax Code more progressive. The highest income earners paid a greater share of taxes than they did before 2017. On top of lower tax rates across the board, those tax cuts provided targeted middle-class tax relief by doubling both the standard deduction and the child tax credit. If those cuts expire this year, the middle-class families will be hit the hardest. The average family of four making $80,000 will see their taxes increase by $1,700. In fact, more than $2.6 trillion of the tax hike, which would result from failing to extend these cuts, would fall on households making less than $400,000 and, primarily, lower and middle-income families. While Democrats attempt to distract from these claims by saying they are tax cuts for the wealthy, the Republicans remain focused on preventing tax hikes on working families and investing in American jobs. I encourage a ``no'' vote, and I would be glad to voice vote it if we could agree on that. Vote on Amendment No. 1737 The PRESIDING OFFICER. The question now occurs on adoption of the amendment.…”