Political Quotes

“This really is not a liberal-conservative issue. First of all, the tax cuts overwhelmingly go to the wealthiest taxpayers. We are seeing the kinds of tax cuts that millionaires and billionaires get from the income tax and from the estate tax. But it is also equally important that it blows a hole in our budget deficit. In some sense, we are borrowing tens of billions of dollars every year now--if this agreement becomes law, we are borrowing tens of billions of dollars every year from the Chinese, and we are putting it on the credit cards of our children and grandchildren for them to pay off who knows when, and then we are giving these tax cuts to millionaires and billionaires. In those simple terms, it doesn't make sense. It doesn't make sense in our relationship with China. It doesn't make sense in the lost jobs that come from that China trade policy. It doesn't make sense in undermining the middle class. It doesn't make sense in terms of fairness in the tax system. It doesn't make sense for our children and grandchildren and the burden they are going to have to bear to pay off this debt. Giving a millionaire a tax cut and charging it to our kids, who are paying taxes on, unfortunately, in the last few years, declining wages, is morally reprehensible.”