Political Quotes

“I thank the gentleman for yielding, and I thank him for bringing attention to this important issue. I am going to talk about the State and local tax deduction in some detail, but first let me just say generally that what we are talking about is so important. We have so many of our friends on the other side of the aisle who are constantly talking about how the government spends too much money and how deficits are getting so much bigger. Here, under their tax bill that they are proposing right now, they are going to increase the deficit in the United States by $4.5 trillion. Now, that doesn't make any sense. Why would they propose something when they have people on their side who their singular most important issue is reducing the deficit, but they would increase the deficit by $4.5 trillion? Now, my colleague talked about the tax cuts from 2017, well, a lot of my residents didn't see a tax deduction. They saw a tax increase. The reason they saw a tax increase is because they capped the State and local tax deduction at $10,000. Let me just explain what the State and local tax deduction is. The State and local tax deduction was in place for 100 years, from 1913 until 2017. In 1930, they started the Federal income tax code in the United States of America.…”