Political Quotes

“I know we have a vote coming up, and I won't belabor it. I think the basis for maybe a good conversation, because we are not going to solve it today, is when it comes to the tax package that was put through in the Tax Cuts and Jobs Act of 2017--and I would have some authority on this, Senator Sanders. I spent 37 years in the trenches running a small business that ended up being a larger company. Three of my kids run it with a good young executive team--the American dream. And my observation was that we had kind of hit the sweet spot. And the CBO, which actually put that original cost of $1.5 trillion-- $150 billion per year, over 10 years--said that we were actually generating record revenues pre-COVID and that they could have revised, and still might, that trajectory. I think if we are going to go forward, you have to realize that there is a limit to anything you can do through government. And when you try to raise taxes, you have to be honest about it. Over 50 years, regardless of what the tax rate has been, the economy has generated about 17 percent of our GDP with tax revenues because when they are high, there is less economic activity. You actually find a sweet spot, like we did with the Tax Cuts and Jobs Act of 2017, and the economy was proving it pre-COVID.”