On the recordJune 15, 2010
What is startling is that we should have learned from decades ago that the trickle-down theory simply does not work. It does not work because there wasn't a benefit felt by the working middle class, a large group of people across this country who in many situations live paycheck to paycheck, putting aside money for their mortgage payment, putting aside savings for college for their children, putting aside some reserves for unexpected expenses. That kind of situation must be responded to. And I think the fact that you talk about 98 percent of Americans getting what was now recorded to be historically the largest middle income tax cut in this Nation's history was a big part of the Recovery Act.
