Political Quotes

“I rise this evening to talk about the tax bill, which will come to the floor very soon. We have started debate, and we will be debating it the next couple of days. There is a lot to talk about, a lot of numbers, and a lot of data. I will try to limit the numbers as best I can, but it is important to review some of the numbers. For tonight's purposes, I start with just two numbers. The first number is 59,456, and the second number is 7. What do I mean when I say 59,456? It is in dollars. The average annual tax cut for those making over $1 million a year in 2019 is $59,456. As many people know who have been following the debate, the Senate bill delayed a corporate tax cut by 1 year so most of the analysis starts in the year 2019 not 2018. So there is $59,456 of a tax cut for those making over $1 million in the first year of the bill, 2019. What does 7 mean? Seven is also a dollar number. Seven dollars is the average monthly tax cut for Americans making between $20,000 and $30,000 a year in that same year, 2019. If you wanted to compare the annual number of $59,456 to the annual average tax cut for that income category for the same year, it would be about $84. No matter which way you look at it, there is a basic unfairness there. Even when you apply percentages, it is very clear that folks in those lower income brackets don't get the benefit the richest among us--the superrich people making more than $1 million-- get.…”