Political Quotes

“Our tax system is broken and in desperate need of comprehensive reform. I am ready to get to work on a simpler Tax Code that is fiscally responsible, makes our businesses more competitive, and gives relief to our working families. But President Trump's plan, if you can call it that, is not the answer. According to the Committee for a Responsible Federal Budget, Trump's tax plan will cost $5.5 trillion over the next 10 years. Instead of targeting relief to the deserving middle class, President Trump wants to give big breaks to the wealthiest Americans. It is time to stop pretending that tax cuts that favor the wealthy somehow pay for themselves. They don't. Conservative economist Gregory Mankiw has said that only one-third of the cost of tax costs is recouped from growth. So Trump's tax plan would actually be paid for by blowing up the national debt. That will crowd out investment and hurt economic growth, which is the opposite of what we want. We have to do better for working Americans, and I express my interest in working with Members on both sides of the aisle to do just that. ____________________”