Paul Tonko: “Absolutely--and oftentimes a fact missed on many out there. It was the largest such tax cut for middle-income America, a…”

“Absolutely--and oftentimes a fact missed on many out there. It was the largest such tax cut for middle-income America, a historic statement. You compare that Obama tax cut to the Bush tax cut that borrowed to spend for the tax cut for the wealthiest of Americans. And so now we shouldn't be surprised when we see these stats that show more purchasing power there for the wealthiest, who are now usurping all of the purchasing of stocks out there. One percent reflecting the 83 percent of all United States stock, for instance. So we need to do better than that. And I would suggest that all income strata fare better when we have a strong middle class. You need someone to purchase your products. You need someone to build your products, to manufacture your products. We need a strong middle class. We need to invest in that opportunity. And I think all of that recovery that we're hoping for becomes all the more expedited. It was shown to us in the Clinton years. By creating economic recovery, by producing jobs, you solve the Nation's deficit.”