Janice Schakowsky: “But let me just say this: the other philosophy, though, is that if you have a robust middle class of consumers who will…”

“But let me just say this: the other philosophy, though, is that if you have a robust middle class of consumers who will actually have enough money in their pockets, middle class people, hopefully even including those who aspire to the middle class have more money in their pockets, that that is what's going to drive the economy. They're going to go out, and they're going to spend the money, and that's going to spread throughout the economy. Whereas, the wealthiest Americans may buy another yacht, but probably are just going to accumulate that kind of money and really don't do nearly what the middle class does to make a robust economy for everyone. When we all do better, we all do better.”