Charles Rangel: “The Democratic substitute provides targeted tax relief for middle-class families, small business owners, and farmers…”

“The Democratic substitute provides targeted tax relief for middle-class families, small business owners, and farmers without putting at risk or fiscal discipline, our investments in education, and targeted tax relief that we could be providing to America's middle-class families. The Republican tax break is another example of their misguided priorities. Before they have done anything to strengthen Social Security and Medicare or provide a prescription drug benefit for our seniors, they provide a tax break to the wealthiest 2 percent of all Americans who control 40 percent of the wealth in this Nation. It comes out to $105 billion over the next 10 years, over $50 billion in tax cuts to the richest people in the United States. That is their idea of tax fairness: millions for the rich, not a penny for the middle class. We have heard a lot about family farms and small businesses. Well, the Democratic tax cut ensures that the family farm will be passed on. It guarantees small businesses can continue as family-owned businesses. It provides immediate tax relief to these families, and it does this without squandering our surplus, undermining Social Security and Medicare, or risking our investments in education, health for our seniors. Vote for the Democratic substitute.”