Political Quotes

“to cut or not to cut, that is the taxing question. Whether it be nobler in the minds of the people who attack the Republican plan to sling an arrow into death, that remains for the Democrat opposition or all those who favor deficit reduction as against tax reduction. But let me record a little history for the Congressional Record. When the President was running for the Presidency, Bill Clinton's message included a tax cut for the middle class, which, of course, he never was able to implement or refused to implement or reneged on the promise to implement. And so somewhere in 1993 and 1994, when we saw that the administration was going really the other way, not a tax cut for the middle class but a tax increase for most Americans, when that began to happen and we saw some signs of weakening in the economy, many of us thought that this would be ripe for a time for a tax cut cast in the image that we wanted to present. So I myself prepared then in 1993 and 1994 a tax package, a tax cut package. It included reducing the payroll tax by 1 percent both for the employer and for the employee. This would spur savings, bring down the tax burden on the middle-class Americans, the working Americans.”