Political Quotes

“Madam President, I come here, probably more than any other Senator, on this topic of budgets, and it ought to be called the ``lack of budgets.'' Thank goodness that, currently, we have the blueprint out there in black and white for what we intend to do--for what the President intends to do, and he is going to try to sell it to the American public. We have been on this pathway for decades. During the Reagan years, we talked about enlivening the economy, bringing taxes down, letting people keep more of their own resources. That worked. I think that still makes sense. It works in most States. It was driving the economy with that dynamic pre-COVID. But what we did lose along the way is that--regardless of our revenues, which stubbornly average 17 to 18 percent of our GPD--when you raise rates, people don't produce as much. There is not as much income to tax. When you lower them, you get more revenue to tax, and you actually are gaining more revenue for the government, to boot. So we were there pre-COVID. We only need to look to see what was working just 1\1/2\ or 2 years ago. It was the best the economy was doing. It was raising wages. We always should be interested in doing that but not through government--through the productive private economy. It was raising it in places that we had never been able to do it before.…”