Political Quotes

On the recordOctober 4, 2017
Treasury Secretary Mnuchin and the President said that their plan would not benefit the rich and would grow the economy. They called it the Mnuchin rule. If you make $730,000 a year in America, your income would rise by 8.5 percent, which is $129,000 a year, or $10,750 a month. That is your tax cut under the Trump plan, a direct violation of what we were told. We are also told that this plan was a middle class miracle. If you make $67,000, your income will rise by 1.2 percent, which is $670 a year, or a whopping $56 a month. This is not a miracle. This is an illusion. This plan will increase the deficit by $2.4 trillion over the next 10 years. I am wondering where the deficit hawks are. We were told that these tax cuts would pay for themselves. News flash: tax cuts don't pay for themselves. In fact, economists from Goldman say these tax cuts will have virtually no good impact on the economy. The Treasury Secretary and the National Economic Adviser are both immediately from Goldman. This tax cut is a fraud being perpetrated against the American people and against the American middle class. ____________________
Said by
Brian Higgins
Democratic · New York

Share

More from Brian Higgins

May 23, 2023

May marks National Preservation Month. This year's theme is ``People Saving Places.'' This Congress can do that by supporting the Historic Tax Credit Growth and Opportunity Act. This bipartisan bill, which I introduced with Congressmen…

govinfo.gov
May 23, 2023

I just simply want to say--and I have heard very clearly your testimony, it has been very valuable to me in terms of learning a little bit more about this extraordinary program that, by the way, lifted 50 percent of American seniors out of…

congress.gov
May 10, 2023

We cannot suddenly change our views on this based on the political party of the occupant of 1600 Pennsylvania Avenue.

congress.gov
May 10, 2023

After 3 long years of COVID restrictions, on May 12, the United States' northern border finally reopens fully to our Canadian neighbors. This is a turning point in rebuilding the relationships and economies along the U.S.-Canadian border…

govinfo.gov

Other voices in this conversation