Political Quotes

On the recordDecember 19, 2017
one thing is for sure, this is not the people's business. This is the business of the powerful and privileged. Well, this is really a bank heist. How big is this bank heist? Well, it is about $3 trillion being delivered to the very richest Americans. Let's add it up. Changing the tax brackets for those who earn more than $200,000, $673 billion; changing the individual alternative minimum tax which only affects the very wealthy, $637 billion; changing the estate tax, $83 billion; changing the corporate tax rate, most of which goes to the advantage of the wealthiest Americans, $1.35 trillion; changing the corporate AMT, $40 billion; and the passthrough legislation that favors the wealthiest LLCs, $414 billion. Add it all up, and it is well over $3 trillion. There it is--$3 trillion. It is $3 trillion for the very richest Americans. Is that the middle-class tax cut? Think about how much this is per person here in the United States of America. About $8,000 per person in America is being taxed so they can give $3 trillion to the very richest Americans. Is that a fair, square deal? What if we were to spend $3 trillion on the middle class? What if we were to do that? What if we were to invest a trillion dollars of it in infrastructure? It creates a lot of jobs today, and it creates the foundation for a lot of jobs tomorrow and the year after. What if we were to spend a trillion dollars on healthcare?…
Said by
Jeff Merkley
Democratic · Oregon
Source
govinfo.gov
Dec 19, 2017

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