Scott Garrett: “I think it is a significant point that you raise with regard to what level of American taxpayers will be subjected to…”

“I think it is a significant point that you raise with regard to what level of American taxpayers will be subjected to these taxes. I come from the great State of New Jersey, where we had similar rhetoric, if you will, from the other side of the aisle on the State level. And we actually heard the exact same arguments being made: Don't worry, they're going to come up with what they call the millionaires' tax; and if you're not a millionaire, don't worry about it. Well, truth be told, after all the dust was scattered away from the bills, after all the hearings were held, after all the press conferences and everything else was done by the Democrats in the State of New Jersey, we found that that level went from $1 million to $900,000 to $800,000 to $700,000 to $600,000 to $500,000, $400,000, $300,000, 250-some-odd thousand dollars at the end of the day. Now, you still say they may be a large income? Well, in the State of New Jersey, if you're a two-income family making a hundred-some-odd thousand dollars, you found that you would still be subject to tax on that.”