Political Quotes

“Finally, Mr. President, on the issue of taxes, with the passage of the Republican Senate bill last Friday, the Republican Party has shrugged off its history as the party of tax cuts and become the party of tax hikes on the middle class. The Republican tax bill will end up raising taxes on millions of middle-class families to pay for corporate welfare. As our Republican colleagues march us toward an enormous corporate tax cut, we have seen numerous companies start to announce plans to buy back more of their stock--not build factories, not create jobs, but to buy back their stock, which, of course, benefits the CEOs because the stock price goes up. T-Mobile has announced $1.5 billion in stock buybacks; Mastercard, $4 billion; Bank of America, $5 billion. Just this morning, three or more companies announced hundreds of millions of dollars' worth of buybacks. These companies, I would say to President Trump and I would say to my Republican colleagues, are not announcing new investments in their workforce or wage increases, as Republicans promised they would. They are announcing stock repurchasing programs that benefit their wealthy investors.…”