I wish to thank my colleague from Missouri for her outstanding words. Again, let us take three facts. First, over the last decade, middle-class incomes have declined for the first time since World War II. Second, over the last decade, if you made over $1 million, you did just great. Third, in 2001, when George Bush took over, until today, we have gone from a surplus of $300 billion to a huge deficit. Yet what are my colleagues suggesting we do? That we hold up the entire government until we get tax breaks for the wealthy, the people who have done well, the people who have plenty of money, the people who, when they get a tax break, don't rush out to the grocery store or to the clothing store because they haven't had enough money to buy things. That is what they want to do. It is hard to believe. It is hard to believe politics aren't at stake; that there aren't a group of very wealthy people who believe they made all their money all by themselves and they do not want to pay any taxes and that is what is pulling that party so far to the right. My good friend from Tennessee talked about elections. I want him to come to the floor and tell me that in this election the electorate cried out: Give more tax breaks to the millionaires. Everyone knows they didn't. They said: Help the middle class. If our party had a fault--and I believe we did--we didn't pay enough attention to the middle class.
Editor's note · Context
Schumer addresses income inequality and tax policy affecting the middle class.
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