Political Quotes

On the recordNovember 7, 2017
The Republicans are scamming America. They are offering a facade of lowered taxes that you probably will never see in exchange for massive and permanent tax cuts for the wealthiest Americans and corporations. And for what? We are told the corporate and upper income tax cuts will result in more investment and greater economic growth, which will yield more jobs and more revenue for the country and higher wages for the middle class. But this is bunk. They have run this scam twice before. Reagan passed similar upper class tax cuts and told us the tax cuts would generate such economic growth that they would pay for themselves. What happened? The national debt--accumulated from George Washington through Jimmy Carter--went from $800 billion in 1980 to $4.3 trillion 12 years later, and growth was less than under President Clinton. George Bush's tax cut turned an anticipated 10-year $5.65 trillion surplus into a $10.63 trillion debt in 8 years. And 3 or 4 years from now, Republicans will use the $1.5 trillion to $2 trillion deficit this scam will create to say: Look at this massive deficit. We have to make savage cuts to Social Security, Medicare, education, and infrastructure. That is what they are building in now. The Republicans are scamming America, and we must reject this bill. ____________________
Said by
Jerry Nadler
Democratic · New York

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