Political Quotes

“Madam President, on taxes, one of the chief arguments behind the Republican tax bill was the idea that giving corporations a substantial tax cut would compel companies to hire more workers, give raises, and expand operations. After a few weeks of news about one-time annual bonuses petered out-- and many of those were staged by CEOs sucking up to the President--we have started to get a look at how corporations are really using the profits from the Republican tax bill. What did Harley-Davidson, the iconic motorcycle company that President Trump talked about in his campaign and even afterward, do with their tax cuts? They cut domestic operations, announced a nearly $700 million stock repurchasing program, and now are moving significant operations overseas. Why didn't Harley- Davidson take that tax break to help continue to employ workers here in America instead of a buyback so the wealthy CEOs and shareholders would get a lot of money? President Trump and Speaker Ryan have held up Harley-Davidson as a success story of their tax bill while they are cutting jobs in America and using the tax cuts for stock buybacks. It is the same thing with Carrier. There was a great big hoopla with Carrier, but Carrier is cutting jobs and still employs loads of people overseas, even though they got a huge tax break. This tax break has helped the wealthy, the CEOs, the shareholders--most of whom are rich and one-third of whom are overseas--but not the workers and not more productivity in America.…”