Political Quotes

John W. Olver: “Mr. Chairman, under this bill, the rich get richer, and the poor get more numerous. But that is what you would expect…”

On the recordApril 5, 1995
Mr. Chairman, under this bill, the rich get richer, and the poor get more numerous. But that is what you would expect from Republican fiscal policies. This bill hides the fact that more than half of all the tax cuts under the legislation goes to two handfuls of our wealthiest Americans, two handfuls in percentages, of course. Under this bill, the benefits do not go to the middle class, which has been the constantly repeated lie along the way. I just want to talk about one provision. Take one provision. President Reagan signed in 1986 a provision that made the biggest corporations in America pay at least a minimum tax. Now this is going to be repealed, taking $15 billion and giving it to the largest corporations, Anheuser-Busch, Coors, Boeing, du Pont, General Dynamics, PepsiCo and Texaco and Westinghouse and Xerox. That money is being taken from people who will become poorer because of this legislation.
Said by
John W. Olver
Massachusetts
Source
govinfo.gov

Editor's note · Context

Criticizing a bill for favoring wealthy corporations over the middle class during a House debate.

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