Political Quotes

“Mr. President, I could just say what I said the last time, but I want to give a few more statistics. Just last year, the Joint Committee on Taxation reported that the top 0.01 percent of taxpayers paid an average Federal income tax rate of 30.6 percent in 2019, compared to 5.3 percent for those in the 50th and 90th percentiles and a negative 2.2 percent for those in the bottom 50 percent. It is indisputable that most of the Federal tax burden is paid by the high earners. The top 10 percent of filers paid 72 percent of Federal income taxes. The top 1 percent paid more in Federal income taxes than the bottom 90 percent combined. In addition, the voluntary tax compliance remains high. In other words, as I said before, the Trump tax cuts made the Tax Code more progressive, not less. The American people deserve more than empty platitudes about billionaires and tax hike proposals that even a complete Democrat Congress could not pass under President Biden. I urge a ``no'' vote. Vote on Amendment No. 1977 The PRESIDING OFFICER. The question now occurs on the adoption of the amendment. The amendment (No. 1977) was rejected. The PRESIDING OFFICER. The Senator from Maine. Amendment No. 1773 to Amendment No. 1717”