Political Quotes

“The American people find themselves in the middle of a job recession. This tax bill does nothing to kick-start the economy. In Illinois, in Chicago, we have lost 56,000 jobs, one of the greatest losses. Fifteen months ago, we passed one of the largest tax cuts in history. The net result? 2.5 million Americans have lost their jobs, 5 million Americans have lost their health care, $1 trillion worth of corporate assets have been foreclosed on and 2 million Americans who were at one time in the middle class are now in poverty. That has been the net result of a tax plan that was passed 14 months ago. This tax cut only does exactly what the first tax cut did. It puts its foot on the accelerator and does nothing to focus its benefits on the economy and the job recession the American people find themselves in today. If we would focus on jobs and job creation, we would have a tax plan that would get bipartisan support. Less than 10 percent of this tax plan is designed on the economy today. That is why it will continue the sluggishness that our U.S. Treasury Secretary acknowledged the economy is in and continue the jobless recession that has been produced by the first tax cut of 2001.”