Political Quotes

Bobby Scott: “You would have to eliminate everything in order to fund a total extension of the tax cuts. Now, obviously, that's not…”

On the recordNovember 30, 2012
You would have to eliminate everything in order to fund a total extension of the tax cuts. Now, obviously, that's not going to happen. Obviously, if you extend the tax cuts without offsetting it with other revenues, you've got to go into Social Security and Medicare. When they talk about reducing the size of government, that's why they can't tell you what they're going to cut, because they can't cut that much. When they say they're going to close the corporate loopholes, they can't name them because the corporate loopholes don't add up to enough. When you start talking about Head Start and the legal aid and all those, you're talking about hundreds of millions of dollars. We're trying to get to trillions.
Said by
Bobby Scott
Democratic · Virginia
Source
govinfo.gov
Nov 30, 2012

Share

More from Bobby Scott

Sep 25, 2026

The repeal represents the federal government walking away from that responsibility, which jeopardizes the hard-fought progress we have made.

virginiamercury.com
Jun 10, 2026

Codifying this new system without assessing its effectiveness just doesn’t make any sense.

ncnewsline.com
Jul 22, 2026

Treasury has no expertise serving students or institutions of higher education or monitoring servicers for accuracy.

iowacapitaldispatch.com
Jul 22, 2026

Student loan debt now exceeds $1.7 trillion. Borrowers need clear guidance and certainty.

iowacapitaldispatch.com

Other voices in this conversation