Posts Tagged ‘tax cut’
Joe Biden: Student Loan Debt
on Friday, August 26, 2022Meaning of Joe Biden Money Quote: saying student loan debt relief requires no apology when Republicans gave wealthiest Americans a $2 trillion tax cut. Joe Biden said:
“I will never apologize for helping Americans — working Americans and middle class, especially not to the same folks who voted for a $2 trillion tax cut that mainly benefitted the wealthiest Americans and the biggest corporations” — Joe Biden
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Joe Biden said he would never apologize for helping Americans with student loan debt relief because Republicans had passed a large tax cut that mainly benefited wealthy Americans and corporations. Biden was referring to the $2 trillion tax cut passed under President Trump in 2017.
Biden believes providing relief for student loan debt helps middle-class and working-class Americans, so he does not think he needs to apologize for that, especially when the Republican tax cuts were much larger and focused more on the wealthy.
Steve Mnuchin: No Upper Class Tax Cut
on Thursday, June 1, 2017Steve Mnuchin Money Quote saying as Treasury Secretary nominee in January of 2017, that the rich would not receive a tax cut, which was then called the ‘Mnuchin Rule‘ on taxes. Steve Mnuchin said:
“Any reductions we have in upper-income taxes will be offset by less deductions, so there will be no absolute tax cut for the upper class. There will be a big tax cut for the middle class, but any tax cuts we have for the upper class will be offset by less deductions that pay for it” — Steve Mnuchin
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John Fugelsang: Rich White Tax Cut
on Wednesday, May 10, 2017John Fugelsang Money Quote saying that tax cuts to rich white guys is being disguised as healthcare reform with a misleading title designed for public consumption. John Fugelsang said:
“Stop calling it the American Health Care Act and call it what it is – a tax cut by rich white men to other rich white men who don’t need it” — John Fugelsang
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Robert Dole: Purpose of Tax Cut
on Saturday, April 16, 2016Robert Dole Money Quote saying tax cut is intended to leave money in hands of working Americans. Robert Dole said:
“The purpose of a tax cut is to leave more money where it belongs: in the hands of the working men and working women who earned it in the first place” — Robert Dole
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Tim Ryan: Can’t Fill a Pothole with Tax Cut
on Wednesday, April 8, 2015
Tim Ryan Money Quotation saying republicans in congress are insisting on tax cuts to balance the federal budget, ignoring revenue side of equation. Tim Ryan said:
“Maybe we do need to trim some spending, but we also need revenue. Again, you can’t fill a pothole with a tax cut. You can’t put in special operations forces with a tax cut. You can’t build a missile defense system with a tax cut. You need to make these investments” — Tim Ryan
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