Paul Tonko: “I thank Representative Garamendi for leading us in this Special Order. It is so important that the public understand…”

“I thank Representative Garamendi for leading us in this Special Order. It is so important that the public understand what is happening here with this issue. {time} 1815 The first response ought to be: Here we go again. Trickle-down has not worked in the past--the far past, the recent past. It is not going to work again. When does trickle-down become trickle-up? Well, to suggest that this is a tax reform act is really pulling a trick on the public. This is about a tax cut, and a tax cut for corporations, a tax cut for the wealthiest amongst us. This trickle-down theory becomes trickle-up because you are taking and raising the taxes on some 36 million families, those that would be classified as middle class families, those who work day in and day out and don't even earn a minimum wage, but they are working. The poorest amongst us, the lowest bracket, gets an increase in its rates. How is this fair? How is this economic or social justice? Both measurements prove that it is false. It is not economically sound. It is not socially just. What we are doing here is playing a game with the economy, and we are putting the economy, the American economy, at great risk.…”