Political Quotes

“I include in the Record analysis from the nonpartisan Joint Committee on Taxation, which confirms that the bill increases taxes by $10.6 billion on individuals making under $200,000 in 2023 and increases taxes by $32.6 billion across all incomes. DISTRIBUTIONAL EFFECTS OF SELECTED PROVISIONS FROM SUBTITLE A AND SUBTITLE D OF TITLE I--COMMITTEE ON FINANCE OF AN AMENDMENT IN THE NATURE OF A SUBSTITUTE TO H.R. 5376, ``AN ACT TO PROVIDE FOR RECONCILIATION PURSUANT TO TITLE II OF S. CON. RES. 14,'' AS PASSED BY THE SENATE ON AUGUST 7, 2022 EXCLUDES THE EFFECT OF SUBTITLE C--AFFORDABLE CARE ACT SUBSIDIES [Calendar Year 2023] -------------------------------------------------------------------------------------------------------------------------------------------------------- Change in Federal Taxes Federal Taxes \3\ Under Federal Taxes \3\ Under Average Tax Rate \4\ \3\ Present Law Proposal Present Law Proposal Income Category \2\ ------------------------------------------------------------------------------------------------------- Millions Percent Billions Percent Billions Percent Percent Percent -------------------------------------------------------------------------------------------------------------------------------------------------------- Less than $10,000............................... $88 2.3 $3.9 0.1 $4.0 0.1 7.3 7.5 $10,000 to $20,000.............................. 83 \5\ -1.3 \6\ -1.3 \6\ -0.5 -0.5 $20,000 to $30,000..............................…”