Political Quotes

“Now, Mr. President, on tax. Earlier this week, the Senate passed one of the worst pieces of legislation in at least a decade, maybe longer. The Republican tax bill will go down in history as a rushed, sloppy, partisan rewrite of the Tax Code that benefited those who already have so much while doing little or hurting those who have too little. It will be remembered as throwing the extraordinary income inequality we see today into overdrive and fulfilling very few of the ambitious Republican promises about growth, job creation, and deficit reduction. But perhaps most of all, the Republican tax bill will define the Republican Party as the party of the rich and powerful, the party against the middle class, and that will be a rubric we will hear from now until next November and even further on. Yesterday in the Oval Office, President Trump admitted that cutting the corporate tax rate was ``probably the biggest factor in our plan.'' Despite all his rhetoric about this being a middle-class tax bill, as soon as it passes, he admits that lowering the corporate rate was the Republicans' primary goal. As corporations get a massive, permanent tax break, individuals will get small and temporary ones. By 2027, 145 million American families making under $200,000--83 percent of the middle class--will be either paying more in taxes or get a cut of less than $100. That is according to the Joint Committee on Taxation--no partisan affiliation.…”