Political Quotes

“tomorrow we will have the opportunity to deliver a little bit of tax certainty to the American people by advancing the Middle Class Tax Cut Act. This legislation would prevent tax rates from increasing for the vast majority of American families and would preserve an important tax credit that currently helps millions of students and families afford the costs of a higher education. The Middle Class Tax Cut Act is the right thing to do for the middle class, and I intend to vote for it. The question is, Will it be filibustered--a tax cut for millions of hard-working Americans, filibustered simply to protect the wealthiest Americans from paying a fair share? We will find out. This is not a new story. In 2001, when President George W. Bush decided to spend a large portion of the surpluses he inherited from President Clinton to cut tax rates across the board, many Democrats opposed it because the tax cuts were unfairly weighted toward the highest income Americans. As a result of this opposition, Republicans were forced to set the tax cuts to expire at the end of 2010. As 2010 drew to a close, President Obama and many Democrats in Congress, including myself, supported extending the tax cuts for middle-class families but letting the lower rates on income above $200,000 for an individual and $250,000 for a family revert to the Clinton-era levels as was scheduled.…”