A Quote by Sheldon Whitehouse

At a time when the United States is handing out tax breaks to corporations that ship jobs overseas, corporate jet owners, and millionaires and billionaires, it is ludicrous that we would even be looking at Social Security and Medicare as a solution to our debt crisis.
We must reign in overspending by ridding government of outmoded programs, making Big Oil pay their fair share, repealing massive tax breaks for corporations that ship jobs overseas, and enacting a tax code that no longer favors millionaires and billionaires.
If we choose to keep those tax breaks for millionaires and billionaires, if we choose to keep a tax break for corporate jet owners, if we choose to keep tax breaks for oil and gas companies that are making hundreds of billions of dollars, then that means we've got to cut some kids off from getting a college scholarship.
Now you have a choice: we can give more tax breaks to corporations that ship jobs overseas, or we can start rewarding companies that open new plants and train new workers and create new jobs here, in the United States of America.
Instead of following through on their promise to concentrate on jobs, Republicans have attacked seniors, working families, women, and the most vulnerable among us. They have pursued an extreme agenda that would end Medicare as we know it and cut Social Security benefits in order to continue giving tax breaks to Big Oil and millionaires.
There is a lot of fiscal conservatives in the United States senate that didn't vote for that because we understand that national security spending is not the reason why we have a debt. Our debt is being driven by the way Social Security, Medicare, and Medicaid and, by the way, the interest on the debt is structured in the years to come.
We don`t need to drive up the national debt by giving tax breaks to millionaires and billionaires.
Counting obligations under Medicare and Social Security, the real debt of the United States is more than 10 times the reported national debt.
We're not going to give tax breaks to billionaires and then cut back on the needs of our elderly or poor or kids or education. We're not going to privatize Social Security - in fact, we're going to strengthen it. We're going to provide quality education for every kid in America, from preschool through college. We have to take on these corporate leaders who are selling out the American people, whose allegiance is now much more to China than it is to the United States. If we have the courage to take these people on, I think we can overwhelm George W. Bush and his friends.
The tax code rewards corporations for outsourcing jobs, and their profits overseas, instead of investing here in the United States.
This debt crisis coming to our country. The wall and tidal wave of debt that is befalling our nation. Medicare and Social Security go bankrupt within ten years, we have a debt that is looming so high that in the last year of President Obama's budget just the interest payments on our debt is $916 billion dollars.
I believe we need a balanced, bipartisan approach to debt reduction that includes a combination of spending cuts, investments in economic growth, and simplification of the tax code that closes corporate loopholes that incentivize companies to ship jobs overseas.
The change we need is fixing this broken economy from the bottom up.. not tax breaks for the wealthy and huge corporations that ship U.S. jobs overseas. We need to focus on defeating al Qaeda and the Taliban and restoring America's standing in the world.. not an unending commitment in Iraq.
If you raise taxes on millionaires and billionaires, you'll do nothing to address the debt and the deficit. And the thing you might do is you might finally put this economy over another cliff. These millionaires and billionaires are the folks that try to create jobs and help grow the economy.
We've got a tax code that is encouraging flight of jobs and outsourcing. And that's why we've specifically recommended in this campaign that Congress change our tax code so that we stop giving tax breaks to companies that are moving to Mexico and China and other places, and start putting those tax breaks into companies that are investing here in the United States.
Any politician that says no tax revenue or zero spending cuts does not deserve reelection. Our hole is so deep in this country with the debt and the debt service, the interest on that debt, before the big expenses come for Social Security and Medicare - for we baby boomers in a few years - that everything has to be on the table.
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.
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