Political Quotes

“I think what you brought up in your introductory remarks here brings you to three major issues, and I would like to frame the debate that way as we continue the discussion. You pointed out the decline of incomes and the standard of living for middle-income families and the disproportionate accrual of wealth to the top 1 percent, generally those earning over $250,000 a year. And what I think people would be interested in is what is the majority, the Republican majority's response to that growing disparity of income. Do they have a plan to deal with it. And of course the plan is their tax bill. And the tables on the tax bill are pretty interesting. If we look at the tax bill which passed the House of Representatives by a fairly narrow margin, but with virtual unanimity on the Republican side of the aisle, 71.4 percent of the benefits of the capital gains tax break are going to go to people who earn over $200,000 a year. And if you go to the corporate tables, you find similar distributions. That is the largest corporations in America, and the multinational corporations will do well. Small businesses will get scant or no tax relief, and even smaller incorporated firms.”