Political Quotes

“The point we are making is that we are dealing with a tax cut that frankly has brought us back down into a deficit situation and increased our national debt and increased the interest on which future generations will pay. That tax cut, when you look at benefits of it-- take a look. If you happen to be down making $9,300 a year, the President's tax cut is worth $66. Average annual tax cut by income range: If you are making $20,000 a year, it is worth $375. If you are up to $39,000 a year, it is $600. If you are making $56,000 a year, it is $1,000. If you are making $97,000 a year, it is about $2,200. If you are making $220,000, it is worth $3,000 to you. But hold on tight. If you are in the top 1 percent of wage earners in America making an average of $1.1 million a year, the President's tax cut is worth $53,000. It is small change down here for most working families. But it is $53,000 for people who are already making $1 million a year. You say, of course; they pay all the taxes; they should get the tax break. That isn't how it works. Under the President's plan, it doesn't directly track the taxes we are paying. So the people who are getting the biggest tax cut are not proportionately paying the most in terms of taxes to the Federal Government. The Bush economic record and what it means to you is, in effect, a 10-year surplus has disappeared from $5.6 trillion, which was projected by the President just last year.”