Political Quotes

Chris Van Hollen: I thank my colleague. Mr. Speaker, it is absolutely astounding that within minutes-- minutes--of our being sworn in, our…

On the recordJanuary 6, 2015
I thank my colleague. Mr. Speaker, it is absolutely astounding that within minutes-- minutes--of our being sworn in, our Republican colleagues want to pass a rule that will stack the deck in favor of trying to give another big tax cut not to the middle class, but to millionaires, the folks at the very top. That is what their budget does. What is equally astounding is that this economic theory of trickle- down economics crashed and burned in the real world between 2001 and 2008. Our Republican colleague says that if you give millionaires these tax cuts, they are going to spend them, and a little bit will trickle down to the middle class and people who aspire to the middle class and boost everybody up. That is not what happened. What happened? Sure, the folks who got the tax cuts at the top, they did better. Nobody else did. In fact, real wages went down. What went up? The deficit--and everybody has to pay for that deficit. Now, I heard the Speaker this morning say he wanted to deal with the issue of wage stagnation. That is what we should be focused on. We shouldn't be talking about tax cuts for the wealthy and a trickle-down theory. We should try to build this economy from the middle class out and from the bottom up. I am glad the Speaker said that because we are going to give him an opportunity to vote for something that will address wage stagnation. I am going to offer a motion at the end of this debate.…
Said by
Chris Van Hollen
Democratic · Maryland
Source
govinfo.gov
Jan 6, 2015

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