Sherrod Brown said "Scott Paper lays off 11,000 workers; their top executive gets millions of dollars in stock options. AT&T lays off 40,000 employees; its top management gets huge bonuses. Revco Drugstore in Twinsburg, OH, lays off 1,100 people; 4 of their executives get $1 million each. The Newt Gingrich response: Cut education by $3 billion, cut Medicare by tens of billions of dollars, cut student loans by $4 billion. Why? Just to give tax breaks to the wealthiest people in this country. Mr. Speaker, the Gingrich solution is wrong." @ PoliticalQuotes.com

On the recordMarch 7, 1996

Scott Paper lays off 11,000 workers; their top executive gets millions of dollars in stock options. AT&T lays off 40,000 employees; its top management gets huge bonuses. Revco Drugstore in Twinsburg, OH, lays off 1,100 people; 4 of their executives get $1 million each. The Newt Gingrich response: Cut education by $3 billion, cut Medicare by tens of billions of dollars, cut student loans by $4 billion. Why? Just to give tax breaks to the wealthiest people in this country. Mr. Speaker, the Gingrich solution is wrong.

Said by

Sherrod Brown

Democratic · Ohio

Source

govinfo.gov

Editor's note · Context

Addressing corporate layoffs and tax breaks during a speech on economic policy.

Share on X Share on Facebook Email this quote