Political Quotes

“Mr. President, I thank the Senator for yielding. I hear what the Senator says about the tax burden in this country; that it falls predominantly on the middle class. When I hear him talk about the estate tax, couples pay no estate tax on the first $10 million of their assets after they both die. Considering they shelter a good bit beyond that, then the tax rate only on the dollars above $10 million were lowered significantly in this proposal--and then what has happened with extending the tax cuts. I was intrigued, I guess it was yesterday, when the Senator offered a motion on the floor. In light of the fact that a relatively small group of people are getting huge tax cuts--millionaires and billionaires-- whether it is the estate tax upon their death that their heirs enjoy this huge tax break or whether it is when earning $1 million or $2 million or $5 million a year and getting a huge tax cut, the motion yesterday simply said, if I recall, that every Social Security beneficiary--and that is tens of millions--”