John Yarmuth: “A recent analysis of American tax revenues revealed that in 2010, as our country was recovering from the Great…”

“A recent analysis of American tax revenues revealed that in 2010, as our country was recovering from the Great Recession, 93 percent of new income went to the top 1 percent of earners. That's $288 billion more exclusively for the 1 percent. I am sure my friends across the aisle were outraged that 7 percent could go to waste on the other 99 percent of American families. Their solution: the Republican 1 percent budget--a gift basket for millionaires and billionaires. Inside is a permanent extension of the Bush tax cuts, which have created an income gap in this country on par with Cameroon and Rwanda. But the Republicans' 1 percent budget doesn't stop there. It gives an additional tax break of $150,000 to people earning more than $1 million a year while dismantling Medicare, slashing education, transportation, and the social safety net to pay for it. I urge my colleagues to oppose this ``all for one and the one percent gets all'' budget and to support a plan that reflects our Nation's values of fairness and shared responsibility. ____________________”