A Quote by Jesse Jackson
You are not going to revive the unemployment of 26 million Americans with tax cuts.
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In December, I agreed to extend the tax cuts for the wealthiest Americans because it was the only way I could prevent a tax hike on middle-class Americans. But we cannot afford $1 trillion worth of tax cuts for every millionaire and billionaire in our society. We can't afford it. And I refuse to renew them again.
[T]hese tax cuts for the wealthiest Americans are also the tax cuts that are least likely to promote growth.
We certainly could have voted on making the middle-class tax cuts and tax cuts for working families permanent had the Republicans not insisted that the only way they would support those tax breaks is if we also added $700 billion to the deficit to give tax breaks to the wealthiest 2 percent of Americans. That's what was really disturbing.
What Mae West said about sex is true about taxes. All tax cuts are good tax cuts; even bad tax cuts are good tax cuts.
Mark Kirk: Lied about going to war. Opposed middle class tax cuts. And said unemployment's not that big an issue.
When you talk about Social Security, it's not just enough to say, we're looking at you, this really matters. It's the fact that a million Americans think it matters. Oh, wait, it's 2 million Americans think it matters. No, it's 4 million Americans. It's 6 million, wait, it's 10 million, it's 50 million Americans who care about this. That's how we're going to make change.
Over the past 100 years, there have been three major periods of tax-rate cuts in the U.S.: the Harding-Coolidge cuts of the mid-1920s; the Kennedy cuts of the mid-1960s; and the Reagan cuts of the early 1980s. Each of these periods of tax cuts was remarkably successful as measured by virtually any public policy metric.
The Black public sector middle class teachers, policeman, firemen, and post office workers, those jobs have been on the decline but there hasn't been a corresponding increase in the private sector. What is especially painful is government policy bailed out the banks without making them make reinvestments for rebuilding. The result is 53-million Americans are food insecure, 50-million Americans are in poverty, 44 million are on food stamps, 26 million are looking for a job.
All those predictions about how much economic growth will be created by this, all of those new jobs, would be created by the things we wanted - the extension of unemployment insurance and middle class tax cuts. An estate tax for millionaires adds exactly zero jobs. A tax cut for billionaires - virtually none.
President Trump has doubled the Child Tax Credit and added thousands back into the average Americans' paycheck through tax cuts and wage growth.
Any Democrat who squirms on the tax-cut issue in the primaries has no chance ' zero ' to win the nomination. Each will have to take the “pledge” to oppose the Bush tax cuts. Thus, Bush will have succeeded in creating a situation where anyone who can win the nomination can't win the election. Democrats are not about to nominate anyone who backs the tax cut, and Americans are not going to elect anyone who favors a tax increase.
Because tax cuts create an incentive to increase output, employment, and production, they also help balance the budget by reducing means-tested government expenditures. A faster-growing economy means lower unemployment and higher incomes, resulting in reduced unemployment benefits and other social welfare programs.
On GOP Tax Cuts: They'll take food out of the mouths of children to give tax cuts to the wealthiest.
It's common sense to be for middle-class tax cuts and tax cuts on small businesses, to be for not allowing Medicare to be turned into voucher care.
Liberal Democrats are inexorably opposed to tax cuts, because tax cuts give people more power, and take away from the role of government.
Trump himself stands to benefit dramatically from the tax cuts. One of the things they're cutting is the alternative minimum tax. Last time we have tax returns for him was in 2005, where he paid about $31 million because of the alternative minimum tax. He won't have to pay that, if this tax bill goes through. So, not only is he reordering our constitutional democracy, he is personally enriching himself - which is not new, because, of course, he's done it ever since he swore an oath to become president of the United States.
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