Political Quotes

“Yes, that is it. To illustrate that further to Senator Schumer and to the Presiding Officer, as to the last two big tax cuts that were done in this country for the wealthy--in 2003 by President Bush, in 2001 by President Bush--we know what happened from those two tax cuts. In the 8 years of President Bush, the hallmark of his economic policy was two major tax cuts for the wealthy, and there was a 1 million job increase in those 8 years during George Bush's Presidency--a million jobs--not even a net increase, not even enough to keep up with people coming out of the Army or coming out of college or high school. During the Clinton years, where they had a mix of tax cuts, some increases for higher income people, and they balanced the budget, did some budget cuts that Senator McCaskill supports--some of those--we ended up during President Clinton's 8 years with a 22 million job increase. There was a 22 million job increase by managing the budget right and giving assistance to middle-class people. In the Bush 8 years, with tax cuts for the wealthy: 1 million jobs. Yet Republicans now are arguing that the most important thing, possibly, to do for the economy, the most important thing to do for our country, is to reward the people who have already done very well in the last 10 years, at the expense of the broad middle class who have seen basically stagnant wages or worse during this decade. The PRESIDING OFFICER. The Senator from New York.”