Political Quotes

“Mr. Speaker, furthermore, according to the Joint Committee on Taxation, a nonpartisan group, Speaker Ryan was flat wrong, flat out wrong, to say that their plan would ensure that ``the average family at every income level gets a tax cut.'' The Joint Committee on Taxation says that is not true. I presume the Speaker was misinformed, because taxes would go up on all income groups below $50,000. Perhaps the Speaker misspoke. Speaker Ryan said: ``I am a chart guy.'' Well, I like charts myself, Mr. Speaker, and I want to bring up this first chart. I will bring this a little closer so I can explain this. The Speaker claimed that a family of four making $59,000 would get a ``$1,182 tax cut in the first year alone.'' Well, now if you hear that, that sounds, I suppose, like a pretty good deal. Unfortunately, for that family, their cut would shrink every year. This is the shrinkage. And then it would drop precipitously. By 2024, it would become a tax increase, increase, increase, increase. And, as you see, that increase escalates the 4 years: 2024, 2025, 2026, and 2027. So starting in the seventh year of this program, middle America, $50,000, you get a tax increase. But guess what? That is not what happens to the wealthiest in America. It is even worse. The Speaker mentioned the family making $59,000 a year, and what he said is: They get $1,182 a year in a tax cut. What he didn't say is what the upper 1 percent get.…”