I say to my friend from Alabama, confiscating all the income from those earning over $1 million does not even fix 1 year of the 10 years of projected Obama debt. It would cover 244 days, 16 hours and 34 minutes. That is it. Not even 1 year. Look at this. Federal policymakers could kiss that revenue source goodbye after an event such as confiscation. So there you are: $13 trillion. Take the $893 billion. If we took every dime that millionaires make this next year, the $893 billion, we would be down to $12.1 trillion in remaining debt. Is the problem solved? Of course not.
Orrin Hatch: “I say to my friend from Alabama, confiscating all the income from those earning over $1 million does not even fix 1 year…”
Share
More from Orrin Hatch
for more than four decades, I have had the distinct privilege of serving in the U.S. Senate, what some have called the world's greatest deliberative body. Speaking on the Senate floor, debating legislation in committee, corralling the…
The prices on everything from toothbrushes, groceries, and cars will rise in 2019 if not sooner.
I am pleased Congress recently passed my bipartisan bill, the Amy, Vicky, and Andy Child Pornography Victim Assistance Act of 2018. This legislation will help provide meaningful assistance for child pornography victims to support their…
I intend to focus this morning on the investigation that was self-initiated by the Department of Commerce under section 232 of the Trade Expansion Act of 1962 to determine whether imports of automobiles and automotive parts threaten to…





