Political Quotes

“President Trump and the Republican leadership are on television every day telling the American people how this tax bill is going to help the middle class, how it was written for the middle class. Unfortunately, I will not shock too many people by suggesting what President Trump is saying is not truthful. This legislation, according to independent studies, will provide 60 percent of the benefits to the top 1 percent. We are living in a moment in American history where we have massive levels of income and wealth inequality, where the top one-tenth of 1 percent now owns almost as much wealth as the bottom 90 percent, where three people--three of the wealthiest people in this country own more wealth than the bottom half of the American population. Yet my Republican colleagues believe this is a moment when 60 percent of the benefits of the so-called tax reform bill should go to the 1 percent. Meanwhile, millions of middle-class families will end up paying more in taxes. So we have a situation in which the wealthy, who need tax breaks the least, will benefit the most, and many millions of struggling working-class and middle-class families will end up paying more in taxes at the end of 10 years.…”