Political Quotes

On the recordNovember 1, 2017
I would like to, first off, reiterate my support of this bill. It is the sort of commonsense, bipartisan fix that will make an incremental improvement to our public markets. However, I would also like to emphasize what I believe is the real threat to the health of our public markets, which is the concentration of wealth at the very top. It is no secret that the competition to our public markets are private equity and venture capital, and these are investment instruments largely, almost entirely, under the control of the very wealthy. We are, this week, going to begin debate on a tax bill that will decide, to a large extent, whether we accelerate or decelerate the concentration of wealth at the very top. I just want to emphasize that connection to make everyone understand that the continued health of our public markets, which historically have been such an important contributor to middle class investment in growing businesses. So I want people to consider that as we debate this bill, which I fully support, and, as well, the variety of important issues that we debate that really affect the distribution of wealth in this country. Mr. Speaker, I yield back the balance of my time.
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Bill Foster
Democratic · Illinois

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