Political Quotes

“Mr. Speaker, I yield myself 3 minutes. Mr. Speaker, what you are about to hear from our Republican friends for the next 30 minutes is the following: a mixture of theology and science fiction. And then they are going to take you to revisionist history. This is the most regressive piece of tax legislation that has come from the Ways and Means Committee in the 25 years that I have been a member. This is not about simplification. When you have a chance to look at the phase-ins and the phaseouts, you will be passed out by the time they get to the expiration dates. They say it is about simplicity; it was going to be on a postcard. You are going to need to carry a billboard around with you to understand what is in this actual bill. And here is the best part: when Secretary Mnuchin said, Mr. Speaker, that under no circumstances would people at the top get tax relief. Well, I guess if you are formerly in the 39.6 percent tax bracket, which is summarily lowered to 37 percent, that that is dressed up as no tax relief for people at the very top. But then again, to help out with their argument, then they double the exemption on the estate tax, which will go from $11 million to $22 million. The people at the bottom in this, they are going to argue: Everybody gets a tax cut. Well, here is where we go to revised history. In 2001, President Bush said everybody gets a tax cut. The Federal budget of $1.3 trillion included a tax cut for everybody.…”