On the recordDecember 4, 2010
That is correct. I voted for the $1 million. Although I thought it is probably good politics, I did not think that was good policy either. But just to demonstrate, there is no level the minority will support except all of the income for the wealthiest Americans. I want to show my colleagues what we proposed; that is, these lines show the amount of tax cuts that will go to all Americans under the proposal we offered this morning. Everyone would get a tax cut up to that $250,000 of income because the rates were changed so they would all be changed back for everyone. That includes Bill Gates, Donald Trump, Warren Buffett, and everyone. The average tax cut for the average American would be about $900. The tax cut under this proposal for those earning $1 million or more will be over $6,000. So the wealthiest Americans will get six times the tax cut that the average American will get. That was our proposal. The minority party said, well, that is not right. You cannot do six times more. We want you to do 1,000 times more for the wealthiest.





