Political Quotes

“I thank my good friend, the gentleman from Massachusetts (Mr. Neal) for yielding me this time. Mr. Speaker, you can put all the lipstick you want on this pig, and it is still a pig. Let's be honest, this isn't tax reform. This is a cut on taxes for corporate America, the corporate friends and my friends on the other side of the aisle, and they had to squeeze all kinds of things in to justify it and pay for it. That is why the middle class is going to suffer. That is why their kids in college are going to start losing their ability to deduct interest on student loans, and they are going to pay taxes on waived tuition when they get a teaching assistant position or a benefit from the university. {time} 1745 That is why your local municipalities are going to lose tax exemption for private activity bonds that fund tens of billions of dollars of public improvements all over the United States. That is why 8.8 million Americans are going to lose the ability to deduct medical costs. Good luck to families who have to put people in nursing homes for long-term care, patients suffering dementia. How will they work that financing out when they lose this deduction, and how will they feel when they know the reason they are losing this deduction is to finance a corporate tax rate? What about homeowners losing the ability to deduct mortgage interest or to have it capped artificially so corporate America can get the biggest tax cut in history?…”