Tom Rice: “Democrats claim to be the party of the little guy. It is easy to talk, but actions speak louder than words. Republicans…”

“Democrats claim to be the party of the little guy. It is easy to talk, but actions speak louder than words. Republicans have offered plan after plan to help ordinary people who need it and to help small businesses struggling to survive, businesses like the 1,700 restaurants along the Myrtle Beach Grand Strand back home that have been devastated by this pandemic. If Speaker Pelosi would allow a vote on any of these bills, they would pass the House and Senate easily, and folks back home would get the help they need. But Democrats have blocked every plan to help the little guy unless we also bail out broke blue States and restore the deduction for State and local taxes for millionaires and billionaires. You see, 90 percent of the benefit of the State tax deduction goes to earners in the top 10 percent. Over 50 percent of the benefit goes to millionaires and billionaires in the top 1 percent, who don't need a bailout. Take Michael Bloomberg, for example. He made over $3.5 billion last year. Mr. Bloomberg works in New York City, which has a combined State and local income tax rate of 12.5 percent. That means restoring the State and local tax deduction would reduce Mr. Bloomberg's taxes by $160 million. That is right, Mr. Bloomberg would get a $160 million bailout.…”