Political Quotes

“Mr. President, I want to make sure the Senate and the country understand what this debate is all about. Senate Republicans have been writing letters to the Department of Treasury saying that the Treasury SALT rule hurts their State charities. Yet they have been unwilling--at least based on what I am told--to be part of an effort to fix this and to support those charities. That is what we would be doing in our effort today to overturn the Treasury Department's flawed--deeply flawed--SALT regulations. My view is that these regulations illustrate essentially what was wrong with the Republicans' 2017 tax law. This was a law that was half- baked and rushed to shovel hundreds of billions of dollars to those at the top of the economic pyramid in our country. Then $1.5 trillion was borrowed so that Donald Trump and his Republican allies could find a way to cover this tax cut for cronies and donors. Then, because they still needed revenue, Republicans deliberately targeted middle-class homeowners in States like New Jersey, New York, Maryland, and Oregon for tax increases. For some communities in Oregon, it is not uncommon for property tax bills alone for middle-class folks to exceed $10,000. But when our Republican colleagues took this flawed approach on the SALT issue, they didn't want to listen to experts.…”