Political Quotes

Jon S. Corzine: “I have some trouble with the overall tax program we are considering. I have trouble with the issues with regard to how…”

On the recordMay 17, 2001
I have some trouble with the overall tax program we are considering. I have trouble with the issues with regard to how this is formulated for debate. ... This tax structure we are about to vote on does too little at a time when we have real needs in a weakening, slowing, and, I think, very fragile economy. Seventy percent of this tax cut comes in the second 5 years, the outyears, and only $10 billion in the current year, and that is in a $10 trillion economy. It is one-tenth of 1 percent. It is like throwing a coin in an ocean. It will have little, if any, significant impact on the current state of our economy.
Said by
Jon S. Corzine
Democratic · New Jersey
Source
govinfo.gov

Editor's note · Context

Discussing concerns about the proposed tax cuts and their impact on the economy.

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