Bob Menendez: “the Democrats want tax cuts for working taxpaying families. A lot of smoke is being created here to say, well, who is…”

“the Democrats want tax cuts for working taxpaying families. A lot of smoke is being created here to say, well, who is really saying the truth? Well, let us look at the Congressional Research Service report made by the nonpartisan Library of Congress, by the specialists on the economics end of policy, that says the Office of Treasury provides a more comprehensive measure, more consistent with how economists would measure the bill's benefits to individuals in different income classes. What they conclude is that using measures that are more consistent with conventional economic analysis the permanent provisions of the bill the Office of Treasury estimates indicate that by any distributional measure; that means who gets what, the tax cuts under the Republican plan favor higher income individuals in the House and Senate bills with the effects more pronounced in the House bill. Mr. Speaker, that is why Americans throughout the country favor the democratic alternative. They understand it is for working taxpaying families.”