Political Quotes

On the recordOctober 6, 2011
Thank you, Mr. President. First, I would like to make a comment on the Republican leader's comments on the tax bill. Just make note, American people, the leader says: Do not raise taxes. But he does not mention what our proposal actually does. It imposes a 5.6-percent surcharge only on those whose incomes are above $1 million. In other words, 99 percent-plus of the American people will not have their taxes raised, nor should they. Average middle-class people are struggling. Their incomes are declining. We should not be doing that. But for those who are the very wealthiest--and this is no aspersion to them. I think most of us on both sides of the aisle admire people who have made a lot of money. Most Americans would like to be in their shoes, and most of them have done it the hard way: by coming up with a good idea, struggling and working a business. That is great. But they are the one segment in society whose income has actually increased significantly over the last decade. The one consensus we have in this place is that we have to reduce the deficit and reduce the budget. The one consensus we have is that we have to do that. Well, you are asking middle-class people to chip in by making it harder to pay for college because student loans are not as good or cutting back on somebody who has been unemployed. They worked their whole life, lost their job, and now are unemployed. So how do we have the top 1 percent--the one part of society doing the best--chip in?…
Said by
Chuck Schumer
Democratic · New York
Source
govinfo.gov
Oct 6, 2011

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