Political Quotes

On the recordJuly 28, 2011
Again, my colleague from Iowa is on the money. There needs to be balance. The President has stressed this. I think everyone on our side has stressed this. We do have a serious deficit problem and a serious debt problem. We have to deal with it. I think there is agreement in this Chamber, and I will give some credit to those on the other side of the aisle who made this their signature issue in influencing policy. But if we are going to have to do that and do belt tightening, shouldn't it be across the board? Here is the fact of the matter: If you are a middle-class person, it is hard to pay for college. It is hard to pay for prescription drugs. It is hard to take that paycheck and make sure it deals with all the needs you and your spouse and your children have. Over the years, we have established ways that the government helps with student loans or with prescription drug programs or other kinds of help. It so happens that the wealthy among us, God bless them, don't need a student loan. They have plenty of money to pay for their children's college. They don't need a prescription drug plan. Even with the high expense of these prescription drugs, they can afford it. God bless them. The way the wealthy benefit from the Tax Code, because they have a lot of money, is there are tax expenditures, tax breaks they get. They think they are important. I understand that.…
Said by
Chuck Schumer
Democratic · New York
Source
govinfo.gov
Jul 28, 2011

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