Political Quotes

“I rise to offer motion to do something that this tax plan fails to do: make good on President Trump's promise to close the carried interest tax loophole. This motion has the support of Senators Whitehouse, Donnelly, and Van Hollen. I think we need to make our tax system simpler and fairer for hard- working families, businesses--particularly small businesses--and manufacturers, and that is what I have been working for. Unfortunately, this is not the plan being presented today by Senate Republicans. Let's be honest with the American people. This bill is largely a tax giveaway to the wealthiest few and big corporations, while millions of middle-class families will get a tax hike. With this partisan bill from across the aisle, big corporations get permanent tax breaks-- permanent--while middle-class families will see tax increases. In fact, most Americans earning less than $75,000 a year will see tax increases. That is simply not fair. It is also not fair that the top 1 percent will end up with over 60 percent of the benefits, and in exchange, 13 million more will lose health insurance. Healthcare premiums will increase by 10 percent, and Medicare and Medicaid have been put on the chopping block to pay for it. In addition, with the Senate Republican plan, powerful corporations can still deduct their State and local taxes, but they completely eliminate the State and local tax deduction for individual taxpayers.…”