Political Quotes

On the recordDecember 14, 2017
Mr. Speaker, I would simply observe that what the majority leader did not mention--again, I have not seen the conference report, so this is not based upon a review of the conference report, but this is based upon the Senate bill and the House bills that were passed by both bodies--was that it will increase the debt of our country by some $1.5 trillion and a minimum of $1 trillion. It will raise taxes on some 78 million Americans between $50,000 of income and $150,000 of income. I am assuming that the elimination of the mandate is still in the conference report. I am not sure, but the information I have is that it is still in the report. Mr. Speaker, that will cost 13 million people to be uninsured as a result. I have information, Mr. Speaker, that what the conference report does is reduce taxes on some of the wealthiest people in America. I am not sure how they offset that--maybe with a mandate, maybe with something else--but 62 percent of the bill's resources go to the top 1 percent in America. Mr. Speaker, Speaker Ryan spoke on this floor about the average family making $59,000 a year. He mentioned that that family will get, under the House bill--again, I haven't seen the conference report-- $1,182 per year in a tax cut. What the Speaker did not mention is that the family in the top 1 percent will get a tax cut of $1,198 per week. Per week, Mr. Speaker.…
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Steny Hoyer
Democratic · Maryland

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