Political Quotes

“There's one indisputable fact in this debate today, and that is that the Bush tax cuts used borrowed money. How much sense did that make to borrow the money to give tax cuts to the wealthiest people in America, the top 2 percent? The argument at the time was simple, that we should give tax cuts to the people at the top because they create jobs for the people in the middle and at the bottom. Fact: the slowest economic growth at any time since Herbert Hoover was President of the United States. The argument, or the assault on the Clinton Presidency was that he raised taxes of the top bracket, 39.6 percent--22 million jobs; the greatest economic growth spurt in the history of America; a reminder to our friends, an unemployment rate of 3.8 percent. So borrow the money during the Bush years for tax cuts so that we can give the wealthy--and, my goodness, what a ride they've had for these 12 years. It is unbelievable when you look at what those rate cuts did to people at the top. We have a responsibility here to protect the middle class from a big tax hike next year. Last week, the Senate passed a bill that would extend tax cuts for 98 percent of the American people, the middle class, and now it's up to the House to provide some certainty to the middle class that their taxes are not going to go up next year. But instead of doing so, what are we doing today, once again?…”