I mean, in my opinion, you and I just have a strong disagreement. Our two parties and many of our Members disagree on where the appropriate place to have tax cuts is. We are putting this bill on the floor today because we believe it is important to extend tax cuts for the middle class, that that has the greatest benefit to our economy. And as the OMB and other studies have shown us, tax cuts for the wealthiest to the country just do not stimulate the economy. The money does not go where we think it needs to go to create more jobs, and it is not a good expenditure of $700 billion, which is what this will cost us over the next decade in a time when we are clamoring to find ways to reduce the deficit.
Chellie Pingree: “I mean, in my opinion, you and I just have a strong disagreement. Our two parties and many of our Members disagree on…”
Editor's note · Context
The speaker discusses the importance of extending tax cuts for the middle class versus tax cuts for the wealthy.
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