Political Quotes

On the recordJuly 10, 2024
I want you to take a look at this graph. There are two lines. The dark blue line is the effective tax rate paid by the 400 highest income earners in America, and the light blue line is the effective tax rate paid by the bottom half of income earners in our country. In the 1960s, the people at the very top, the richest 400 Americans, paid about twice the tax rate that the average middle-class family did, but in 2018 during the Donald Trump Presidency and for the first time in our history, the billionaires started paying a lower tax rate than nurses, teachers, firefighters, and most other middle-class Americans who put in an honest day's work and make our economy run. It is unfair, it is absurd, and it is wrong. How did we get here? For years, corrupt rightwing politicians gave tax break after tax break to the billionaires and big corporations who funded their campaigns. When the billionaires and big corporations don't pay their fair share in taxes, you know who has to carry the load?…
Said by
Seth Magaziner
Democratic · Rhode Island
Source
govinfo.gov
Jul 10, 2024

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