Political Quotes

On the recordNovember 9, 2017
Let's put rhetoric aside when it comes to the Republican tax bill. This is a bill that gives tremendous tax breaks to millionaires and billionaires while it hits the middle class. The facade of it may look like middle class people are getting a tax break, but when you add on all the deductions that they will now no longer be allowed to take, it is a negative for the middle class. The government is always accused of giving you something in one hand and taking it back in the other hand. A classic bait and switch, that is what this bill is about. In my home State of New York, which is a high tax State, people will no longer have the ability to deduct State and local taxes or deduct mortgage interest to the degree that they have now. So when you add it all up, what does it do? Higher taxes for the middle class, lower taxes for millionaires and billionaires like our President--a classic bait and switch. When you talk about New York, New York is a donor State. We give more money to the Federal Government than we get back, and this is just hitting New York in the head again. We should be protecting the middle class and letting people who can afford to pay more, millionaires and billionaires, pay more, not the other way around. Finally, whatever happened to the fiscal responsibility of the Republican Party? This blows a hole in the deficit--$1.75 trillion. ____________________
Said by
Eliot Engel
Democratic · New York
Source
govinfo.gov
Nov 9, 2017

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