Political Quotes

“I urge my colleagues to look in the Record and see how it affects them. You are fooling yourself if you think that you are not affected by the State and local deductibility. Of course, if you are a family of four in one of those States, the repeal of State and local could be a killer because, again, you would lose the personal exemption. The larger the family, the greater the loss of exemption. I want to make one final point on tax reform. This is related to two people whom I know, and I knew one of them before he ever arrived in Washington. I have to make this point because what I heard them say over the weekend just turned my stomach. It was astounding. It was awful. Over the weekend, we heard some pretty extraordinary claims from Republican legislators and Cabinet officials about what the GOP tax plan was all about, but Gary Cohn and Secretary of the Treasury Steve Mnuchin deserve a special admonition. Chief White House economic adviser Gary Cohn actually said: ``The wealthy are not getting a tax cut under our plan.'' That is not a surmising of what he said; that is a direct quote. ``The wealthy are not getting a tax cut under our plan.'' Comments like that should make everyone's head spin. According to the Tax Policy Center, the top 1 percent would reap 80 percent of the benefits of the GOP plan. The top 0.1 percent--the folks who make more than $5 million a year--would get a break of more than $1 million a year.…”