Political Quotes

Bill Pascrell: This is the sequel to ``Weekend at Bernie's.'' But this doesn't work. The headline yesterday in The Washington Post was…

On the recordSeptember 28, 2018
This is the sequel to ``Weekend at Bernie's.'' But this doesn't work. The headline yesterday in The Washington Post was: GOP Campaigns Ditch Touting Tax Law in Ads. The first one stunk. This is even worse. Republican economist Douglas Holtz-Eakin, a good, good guy, said this past May: ``There's just no evidence that the tax cuts actually pay for themselves.'' Of course they don't. That is why you are targeting healthcare. That is why you are targeting Medicare. That is why you are targeting Social Security. You already targeted Medicaid. In New Jersey--we are still a State--the average SALT deduction claimed in 2016 was more than the $10,000 limit. In my district, the average is over $18,000. One of the counties in my district is $24,000. What have you done? That means the average taxpaying household--New Jersey, listen up--now has to pay income tax on an additional $14,000 worth of income. We may have 12 Democrats by the end of the election. If they are a middle-class family being taxed at 24 percent, that is an extra $3,400 they have to come up with at tax time. The SPEAKER pro tempore. The time of the gentleman has expired.
Said by
Bill Pascrell
Democratic · New Jersey
Source
govinfo.gov
Sep 28, 2018

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