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Before the Senate Finance community, topics include rural melt care and telehealth flexibilities. We are meeting today to discuss with senator becerra, the budget and the department of services. The budget comes down to a simple proposition, helping working families and the middle class get ahead. Reducing the federal deficit, they are not mutually exclusive. Today, we are committed to doing both. When it comes to health care, that means protecting medicare for the next generation by making sure that the wealthy pay their fair share in taxes, strengthening medicare, negotiating the cost of medication, and investing and priorities Like Mental Health care, and the health care workforce. Thats sharp contrast to the republican approach to the federal budget. Since the beginning of the year, there has basically been a demand for secret negotiations on unspecified cuts to speci ....
Those who are at the lower end of the economic scale, and i think thats appropriate. So its middleclass tax relief but heres how it works. The share of federal taxes paid in 2019, which is a year after this is implemented, it starts right away, by the way, so middleclass families are going to get that relief right away. Currently is in the red and then our proposals in the blue. If you make, again, zero to 20,000, its very unlikely that you have income Tax Liability. But some families do and the average is. 1 . If you make 20,000 to 50,000 a year, your share of federal taxes goes down from 4. 3 to 4. 1 , in our bill. If you make 50,000 to 100,000, your share of the federal taxes goes from 6. 9 to 6. 7 . If you make 100,000 or above, your share goes not down. It goes up. From 78. 7 to 78. 9 . The top percent of wage earners in this country, earners, top 10 pay approximately 70 of the income taxes right now. After our bill is passed ....
Talk about the swamp. All the folks out there that voted in this election do not have a swamp in washington, d. C. , are watching this happen right in front of their eyes tonight. We have a bunch of amendments that were dropped in by lobbyists here last night. We havent seen except we got a list from them, and we have got ill legible amendments now at the desk that the american even if we could read them, we wouldnt be able to. It just doesnt make any sense. I tell you Something Else that doesnt make any sense. It doesnt make any sense that in our economy, 90 of our folks, the bottom 90 earn the same amount of income as the top 10 . The top 10 earn 50 of the income in this country. The bottom 90 earn the other 50 . And you can see the directions that these lines have headed over a number of years. Thats the issue that we confront in our economy. Thats what we all should be working on in a bipartisan way to try to address. Unfortun ....
90 of our folks are in the sane amount of the top 10 . Top 10 earn 50 of the income and 90 bottom and the other 50 and you can see the directions these lines have gone over a number of years and thats the issue we confront with our economy. Thats what we should all be working on in a bipartisan way to try to address and unfortunately instead of improving the circumstances for people in the bottom 90 the decisions been made because of an economic philosophy that has to do a trickle down economics to give the benefitse to the people doing pretty well not just pretty well, but better than they have done since 1928 and it was stated what a miracle that tax policy was in the early 1920s. May have two additional minutes . Is there objection. In addition, we cant afford to do this. Right now we are collecting in revenue today before this tax cut goes into effect 18 of our Gross Domestic Product in taxes and revenue and spending 2 ....