Political Quotes

“on taxes, a year and a half ago, as the Senate debated the Republican tax bill, the Democrats predicted that giving enormous tax breaks to big corporations and the superrich would not trickle down to working Americans. We predicted then, as usual, that corporations would find a way to direct those newfound profits to themselves, not to their workers, not to their communities, and not for the good of the country. Our Republican colleagues protested. They said trickle-down works. They talked about tax cuts. They tried to deliberately avoid who they were designing the tax cuts to benefit, but it was largely the very wealthy and the very powerful corporations. They said it was going to benefit everybody. Well, here we go. The analyses keep pouring in of what a sham--a disgrace--this tax bill was, especially for middle-class, average Americans. An analysis by JUST Capital showed yesterday that 56 percent of the tax savings from the Trump tax bill have gone to shareholders in the form of stock buybacks and direct distributions--56 percent, a majority. Do you know how much workers got? While the shareholders-- most of them wealthy--got 56 percent, workers got 6 percent of the whole benefit of the tax bill. This was by JUST Capital, which is not a leftwing group; it is a group that is composed of people who know all about and participate in corporations and finance.…”