Political Quotes

“many people are asking the question: What is the difference? I believe my good friend from Michigan is sincere in her desire to see the middle class succeed under any tax reform package, and I agree. The fact of the matter is that we are not talking about Republicans versus Democrats when it comes to tax reform. We are talking about the American people. I wanted to make a list of those benefits that will go directly to the middle class--to every single tax bracket we have. Every bracket gets a tax cut. The typical American family makes around $73,000 a year. They will see their taxes come down about 60 percent. If you are a single head of household--a single mom like mine--raising a couple of kids, making around $41,000 a year, your taxes under the new tax reform plan comes down about 75 percent. We are actually going to help by nearly doubling the standard deduction. If you are a single person, your current deduction is $6,300. Under our plan, it goes to $12,000. If you are a single head of household, it is $9,300 now. It goes to $18,000 under our proposal. If you are in a dual-income household, the current deduction is around $12,000. We double it to $24,000. We double the child tax credit to $2,000. I will tell you that there is a lot being said on the floor, and much of it is hard to follow. I like to keep things simple. If you are a single head of household with $41,000, put simply, there is a 75- percent cut in your taxes.…”