On the recordFebruary 2, 2012
Madam President, I rise today in support of the Paying a Fair Share Act, also known as the Buffett rule. This legislation, introduced yesterday by my good friend from Rhode Island, highlights an important conversation about fairness and tax policy in this country. Now, some of my friends across the aisle have some interesting ways of discussing the principle that millionaires and billionaires should pay the same percent of their income taxes as middle-class families. They call it class warfare; they call it a political stunt. But in reality it is neither of those things. The Paying a Fair Share Act is common sense--the principle that everyone has a right to earn as much money as they can in America, as long as they are contributing their fair share. We must have a sincere discussion about the distribution of tax burdens in this country. I am proud to be an original cosponsor of the Paying a Fair Share Act, because it addresses this issue head on. New York is a large, diverse State full of very different people with very different views--a fact of which I am extremely proud. But all across the State people agree on the basic principle that a Tax Code which allows the most privileged of our society, people making tens and hundreds of millions of dollars a year, to pay less than 14 percent in taxes--significantly less than the average middle-class family--is broken.…
Source
govinfo.gov




