Political Quotes

On the recordJune 8, 2018
The gentleman is ecstatic about recent statistics. I think that he has, of course, warrant to be. Let me read to the gentleman statistics over a 68-year period where Democrats have had the Presidency and Republicans have had the Presidency on and off. The gentleman's words are almost exactly the same words I heard in 2001 and 2003 when we were told and the country was told, if we adopted those tax bills that the gentleman is so very proud of--which is plunging our country $1.8 trillion into additional debt, which he and his party wrung their hands about so repeatedly--and that the CBO says is a result of what I believe to be the most fiscally irresponsible Congress in which I have served. Let me repeat that. I have served in 18 Congresses. I believe this past Congress to be, this Congress that we are in, the most fiscally irresponsible Congress in which I have served. Yes, we have a philosophical difference. You gave 83 percent of your tax revenues to the richest people in America. CBO says that; I don't say that. And 17 percent to all the rest; i.e., some 300 million-plus Americans. Yes, we have a philosophical difference. We would have suggested that the mix be a little fairer to those in the middle and the bottom of the economic growth. But, no, you chose to give your benefits to the wealthiest in America. Not surprising. It is trickle-down economics one more time. In 2001 and 2003, what happened? You did the tax cuts. And what happened 6 years later?…
Said by
Steny Hoyer
Democratic · Maryland
Source
govinfo.gov
Jun 8, 2018

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