I don't know. I am certain we will have a chance to look at the precise numbers that CBO and others have done. As I look at the numbers right now, it seems our friends on the other side of the aisle, having put this together without Democrats there --if the American people wonder what they lost by not having Democrats there, it doesn't look as if anybody was there to say: Is this fair? What they have said is, we are going to target $4 billion a year of tax cuts to Americans who make more than $319,000 a year. A lot of my friends make more than $319,000 a year, but $4 billion total out of what appears to be about $6 or $7 billion a year seems to be a pretty big targeted tax cut for people over $300,000 a year. For Members of Congress on up, we are a little over $130,000. It is $670 million of targeted tax cuts to that group. But for the group of Americans under $40,000 a year, they get about $50 or $60 million total.
Bob Kerrey: “I don't know. I am certain we will have a chance to look at the precise numbers that CBO and others have done. As I look…”
Editor's note · Context
Discussing tax cuts and their impact on different income groups.
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