we have often heard those who do not learn from history are doomed to repeat it. Usually there is a lot more time that passes than just 14 years. But for those of us that remember 1981 and that famous Reagan tax cut that was going to bring us all prosperity, that trickle-down economics, we remember later that David Stockman said it was a Trojan horse just designed to bring down the top rate. I would suggest, if that was a Trojan horse, then the Republican tax cut bill we are faced with tonight is a Trojan elephant. I can remember the results in the Pittsburgh area and much of the industrial Northeast of trickle-down economics. I remember standing outside plant gates when plants were shutting down and tens of thousands of workers were put out in the street. Now we are coming back for a second bite. We have got a tax-reduction bill that they are calling that in my State of Pennsylvania will cause 343,000 college students to pay more for college loans, that will cause 473 school districts across Pennsylvania to lose money for safe schools and drug-free schools, that will cause 68,000 Pennsylvania kids to lose summer jobs. That is what the Republican proposal is about. It is about 1 million kids in Pennsylvania that will lose their school lunches. It is about 311,000 Pennsylvania senior citizens that will not get help paying their electric bill and may have to freeze and may have to make some hard choices. This is not about a Republican tax break.…
Editor's note · Context
Addressing the impact of a Republican tax cut bill on Pennsylvania residents.
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