Jeff Merkley said "Mr. President, the last loophole I will point out is the Trump loophole. We know, from the one tax return we have from President Trump, the only reason he paid taxes was the alternative minimum tax. In fact, he paid $38 million in taxes that year, and we were told he would have only paid about $5 million if it wasn't for the alternative minimum tax. So there we have it, another big provision for the richest of America. This is not a bill that helps the middle class. It raises the taxes on millions and millions of middle-class Americans, while provision after provision after provision is targeted at the very richest Americans. We need to stop this bill. Thank you. The PRESIDING OFFICER. The Senator from Pennsylvania." @ PoliticalQuotes.com

On the recordNovember 30, 2017

Mr. President, the last loophole I will point out is the Trump loophole. We know, from the one tax return we have from President Trump, the only reason he paid taxes was the alternative minimum tax. In fact, he paid $38 million in taxes that year, and we were told he would have only paid about $5 million if it wasn't for the alternative minimum tax. So there we have it, another big provision for the richest of America. This is not a bill that helps the middle class. It raises the taxes on millions and millions of middle-class Americans, while provision after provision after provision is targeted at the very richest Americans. We need to stop this bill. Thank you. The PRESIDING OFFICER. The Senator from Pennsylvania.

Said by

Jeff Merkley

Democratic · Oregon

Source

govinfo.gov

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