Richard Gephardt: “When the House takes up the Republican vision of tax relief, we will oppose it because well over half the benefits go to…”

“When the House takes up the Republican vision of tax relief, we will oppose it because well over half the benefits go to the top, or wealthiest 5 percent of taxpayers. We ask the Republicans to simply listen to the words of the people that they profess they are helping, the hardworking, middle-class taxpayers instead of wealthy contributors and corporate special interests. There is a different way to provide tax relief than rewarding traders of stocks and bonds for a bull market brought on by the Democrats' economic recovery. The Democratic tax cut targets tax relief to the people who are raising children and agonizing over how they will be able to send them to college when they are ready. The Democratic tax cut targets tax relief to people who are selling their homes, the biggest investment, I might add, for most middle income taxpayers.”