Political Quotes

“Two-thirds of the benefit of this tax cut will go to families who earn $100,000 a year or more. Now, I support giving them the tax break, but I don't support borrowing $50 billion to do it. Our Republican colleagues say today that, well, you don't have to borrow the money. Why don't you just cut spending? Well, that's the very question that we asked President Bush's representative when he came in front of our committee, and he stood there and he kind of scratched his head and said, I can't think of any spending cuts, nor have these Republicans offered a single spending cut to finance this $50 billion tax cut. No, their approach is their old borrow-and-spend approach that they've used for the last 7 years. The debt goes up; the dollar goes down. We have the specter on the horizon of both inflation and recession, and they follow the same old broken policy. I believe that they are holding taxpayers across this country hostage to force the Congress to borrow more money for yet another tax break. It does not make good economic sense, nor is it equitable.”