Political Quotes

On the recordNovember 9, 2017
A lot more is the answer. Why is the NFIB, Mr. Speaker, against this bill if it is so good for small business? Why is the AARP against this bill if it is so good for small business? Why is the Peter G. Peterson Foundation, which is worried about the national debt, against it? Mr. Speaker, since I have been here, my Republican friends have been talking about we have got to balance the budget. The President said he is going to balance the budget in 9 years. That was hooey. Our Republican friends have said they are going to balance the budget. They said it in the Price budget. They said it in the Ryan budget. The budget deficit keeps getting bigger, and they have been in charge of economic policy for a long time. The fact of the matter is, Mr. Speaker, I have got a list of 50 groups that are against this bill because they think it hurts both the debt and middle-income people. The distribution, according not to fact-checkers but the Joint Committee on Taxation, $1 trillion of the tax cuts go to business, $230 billion to individuals, and $170 billion on estates essentially. Now, that doesn't add up to the $1.7 or $1.8 trillion that has been computed to be the deficit created--the additional debt--by this bill. In fact, that is why this bill is being rewritten right now. I guarantee my friend--and he can call me this next week--that the bill that was introduced last Thursday will not look like the bill that we will consider on the floor. It won't.…
Said by
Steny Hoyer
Democratic · Maryland
Source
govinfo.gov
Nov 9, 2017

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