Political Quotes

“Mr. President, I take this time to inform my colleagues of a motion that I hope to file tomorrow that would recommit the bill, and I am going to talk a little bit about it. First, if I might, let me just point out that yesterday I took to the floor to emphasize some of the points that Senator Nelson just made-- that this bill, which is advertised to help the middle class, does not help the middle class. It helps the wealthy. It is business cuts, and middle-income taxpayers get some relief--some, not all--that is temporary in nature. So the Congressional Budget Office tells us that by 2027, for those earning under $75,000 a year, the majority will actually pay more taxes rather than less. In my State of Maryland, it is estimated that 800,000 Marylanders will pay more taxes rather than less. The tax relief to middle-income families is so much smaller than what is given to the wealthy and what is given to the business community. To compound that problem, we now know by the scores of both the Joint Committee on Taxation and the Congressional Budget Office that the bill will add tremendously to the deficit--over a trillion dollars. I think it is going to be closer to $2 trillion, but their scoring shows it over a trillion dollars in deficits. Guess who is going to pay for those deficits. It is going to be middle-income families.…”