Political Quotes

“The Republican budget as we have heard tonight has six key features, and I want to take a moment to talk about one of them, which is tax relief for hard-working Americans. When we talk about Federal taxes, it is useful to consider the overall context of the Federal budget here. Let us remember, Federal spending is higher than it has ever been. Federal taxes are higher than any peacetime in our Nation's history. As we heard earlier, about 21 percent of our entire economic output goes to the Federal Government. What the Republican budget does is it says after we set aside all of the Social Security funds for Social Security and to retire debt and after we pay down $1 trillion in debt over the next 5 years and after we set aside $40 billion of additional funding for Medicare over the next 5 years, and after rebuilding our national defense and reprioritizing funding for elementary and secondary education; after all of that, there is still an unprecedented surplus projected as far as the eye can see. When taxpayers are paying more money than it takes to fund all of that, then it is obvious to me that taxes are just too high. So the Republican budget offers a modest but a meaningful measure of tax relief and tax fairness. We need to lower taxes and restore to working Americans some more of their freedom to decide how they want to spend their own money.”