Political Quotes

“even as my Republican friends move to reconcile their two tax bills in a conference committee, their problems are far from over. At the heart of their bill is a toxically unpopular idea--giant tax breaks on big corporations and the very wealthy, paid for by cutting care and raising taxes on millions of middle-class families. The new Republican Party is the party of tax hikes on the middle class to subsidize corporate welfare. That menacing idea at the core of its bill is a problem that, like Hydra, spouts many heads. Slashing the State and local deduction remains a massive problem for House Republicans from suburban districts like Virginia, New York, Illinois, Washington, and, of course, California. Multiple analyses have shown that, despite the so-called compromise that allows families to deduct up to $10,000 in property taxes, the pain inflicted on suburban families will not be much mitigated. States like California and New York will still experience an exodus of taxpayers, which will drain local resources and impact services. For those House Republicans, voting for the conference report is a poisonous vote, substantively and politically, not to mention that home values will fall in those districts of those House Republicans. If they are voting to decrease home values by 10 or 8 percent for every homeowner in their districts, that is political suicide. Why would they do it? That is what will happen, and the homeowners will start seeing that right away.…”