Political Quotes

“the Senate will vote very soon on a resolution I put forward to overturn a new Trump administration policy regarding corporate taxes and partnerships. When you start using a whole bunch of Washington lingo about the corporate alternative minimum tax and income allocated across partnerships, people go to sleep in a hurry, so I am going to explain it as simply as I can. The Trump administration treats the U.S. Treasury Department like Make-A-Wish for corporations and private equity. Any giveaway or special treatment an ultrawealthy corporate executive can dream of, the Treasury Secretary and his crew are there to move Heaven and Earth to make it happen. With respect to the resolution we are voting on today, the question is whether the most profitable corporations and private equity giants in America--those with profits north of $1 billion in a single year-- ought to pay a minimum tax--a minimum tax--of 15 percent. Now, keep in mind that 15 percent is roughly the tax rate you pay if you are a middle-income household--a nurse, a firefighter, or a couple of schoolteachers. Democrats say those hugely profitable firms ought to pay a 15-percent minimum rate. The Trump administration and Senate Republicans say no. And since Republicans have unified control of government, the big corporations can get exactly what they want in America.”