Political Quotes

“Mr. President, I agree with my colleagues that we need tax reform, but we need tax reform that simplifies the Tax Code, bolsters the middle class, and helps small businesses to create jobs. I think we can do that, and we can do that in a fiscally responsible way, but we need to work together, Republicans and Democrats, as we did the last time we did tax reform. Unfortunately, these priorities are not reflected in the bill that is before us. Instead, it is a partisan, fiscally irresponsible giveaway to the wealthy and the largest corporations in this country, and it comes at the expense of the middle class and small businesses. We know that the wealthiest Americans will see massive tax breaks from this bill, including President Trump himself. In fact, the New York Times has estimated that President Trump and his family would save more than $1 billion from this tax bill. How does this legislation pay for these tax cuts? Well, it asks today's middle class and future generations to foot the bill. The nonpartisan analysis from the Joint Committee on Taxation has found that the bill will raise taxes on millions of middle-class families making less than $75,000 a year. The bill sunsets any middle-class tax breaks in 2026, and at the same time it makes tax breaks for large corporations permanent. It increases the national debt by $1.5 trillion. I think the headline in the current Forbes Magazine says it all.…”