Gilbert Gutknecht: “That is what the President promised, and that is what we have delivered. Perhaps we can flip to the next chart because…”

“That is what the President promised, and that is what we have delivered. Perhaps we can flip to the next chart because this is another chart that was put together by the Joint Economic Committee on Taxation, again the people who actually are the official scorekeepers, and what you see in yellow is current law or pre- the tax cut package that has been agreed to by the House and Senate. And what you see are the five different, if you broke the economic groups into equal parts of one-fifth, the lowest one-fifth of taxpayers currently pay in the yellow there on the left, they currently pay 1 percent of all the taxes paid in the United States. The top or the lowest 20 percent of income earners in the United States currently pay 1 percent. Under this tax plan they would still pay 1 percent. If you drop all the way over to the highest 20 percent, they currently pay 63 percent of all of the taxes paid in the United States. Under this tax plan they will still pay 63 percent. In fact, if you really are honest about the way the distribution of this tax cut goes, it really does little to change the differences between the wealthy and the poor.”