Political Quotes

“when we were debating the tax relief law at the end of last year, it was a very familiar debate in many ways. Republicans came to the floor with facts and figures on how much extra money people were going to see in their pockets and their paychecks. Democrats came to the floor with the same old tired line that you always hear them talk about--the millionaires and billionaires. Republicans pointed out economic studies that showed that workers right now pay more than 70 percent of the cost of corporate taxes. We talked about a study by the Tax Foundation that predicted that if we passed the tax relief bill, the average family would actually see a gain of about $2,600 a year in their after-tax income. It was partly because of getting the tax cut and partly because their employers would then pass on much of the tax cut in higher wages. Democrats didn't believe it. They said that only rich people would benefit and that businesses would never share their tax savings with the workers. The Democratic leader said that ``tax cuts like these benefit the wealthy and the powerful to the exclusion of the middle class.'' Here we are. It is the month after we passed the tax relief bill, the tax reduction bill, and the tax simplification bill, and the question is, Who was right? The very day the tax bill passed in Congress, AT&T came out and said it was giving its workers a bonus.…”