i don t want to break it down with you. i just want to drop the mic. stephanie and i said this day after day after day after day and faced republicans on tv who said nonsense, that s not true, these are middle class people. they re not. anybody who thinks earning $1 million a year in america is middle class is wrong. that s just not right. we all knew this was coming. there s this huge pot of money, about $40 billion, such a small slice, 200,000 americans, sharing about $17.4 billion of it. i did a little math on it. that works out to about $85,000 a person for each of the folks that will claim deductions on that. there are some people making between $100,000 and $500,000 who will also claim deductions, mostly small business owners, family businesses, some of those llcs and partnerships, but when you look at the bottom end of the income scale, almost none of this money goes there. so what you end up with is a tax cut that is with all tax cuts
that s what it is. that s what it s about. basically you re going to take the dollars and choose, are you going to heat or going to eat? i think what really bugs me, and my friend, jim mcgovern from massachusetts says this, we shouldn t have a farm bill that makes one person hungrier. it just doesn t make sense. right. it s only it s only not that bad when the benchmarks are how much we re going to cut, but take a step back for a second, look at this country and say to ourselves, why are we cutting? if this is how far we ve come and this is the compromise you have to make, whether or not people eat food, i thing we lost the value that s sort of made this country great. we ve really gone off the rails here if this is the compromise. and so, you know, this is really a bad bill. if you look at what insurance companies get here, this is a big giveaway to insurance. the government picks up 62% of the premiums. they guarantee 17% of the let me get this down. i want to get this
that s what it s about. basically you re going to take the dollars and choose, are you going to heat or going to eat? i think what really bugs me, and my friend, jim mcgovern from massachusetts says this, we shouldn t have a farm bill that makes one person hungrier. it just doesn t make sense. right. it s only it s only not that bad when the benchmarks are how much we re going to cut, but take a step back for a second, look at this country and say to ourselves, why are we cutting? if this is how far we ve come and this is the compromise you have to make, whether or not people eat food, i thing we lost the value that s sort of made this country great. we ve really gone off the rails here if this is the compromise. and so, you know, this is really a bad bill. if you look at what insurance companies get here, this is a big giveaway to insurance. the government picks up 62% of the premiums. they guarantee 17% of the let me get this down. i want to get this right. $17.4 billio
basically you re going to take the dollars and choose, are you going to heat or going to eat? i think what really bugs me, and my friend, jim mcgovern from massachusetts says this, we shouldn t have a farm bill that makes one person hungrier. it just doesn t make sense. right. it s only it s only not that bad when the benchmarks are how much we re going to cut, but take a step back for a second, look at this country and say to ourselves, why are we cutting? if this is how far we ve come and this is the compromise you have to make, whether or not people eat food, i thing we lost the value that s sort of made this country great. we ve really gone off the rails here if this is the compromise. and so, you know, this is really a bad bill. if you look at what insurance companies get here, this is a big giveaway to insurance. the government picks up 62% of the premiums. they guarantee 17% of the let me get this down. i want to get this right. $17.4 billion of deductibles. they als
amounts of money, $15 billion, so that they go through that process. so that they start that discussion. so that they come back to us months later with a detailed restructuring plan. engli i think the average american would say, what, isn t that putting the cart before the horse? isn t that to use a common phrase, just ass-backwards? there s no question if you just write a check, you re going to see these companies go out oh of business, ultimately. so they were all wrong. but let s go back to this gentleman right here. bush 43. $17.4 billion. why did he do that? president bush knew that he had to do something to save the automobile industry. but the difference between this republican and all the republicans of the montage we just played for you, well, he didn t want to defeat obama. he didn t have any skin in the game after he was going to leave