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Transcripts For CSPAN2 U S Senate 12142017 20171214

Americans by more than 61 would eventually trickle down. Thats what they trickle down. Thats what they thought. Even on the eve of the Great Recession after income tax after tax income to the richest 1 had soared while middleclass wages continue to stagnate, we are still waiting for the bush tax cuts to trickle down and to pay for themselves and they likely never will. These republican proposals make matters even worse by financing tax giveaways to big businesses and the rich on the backs of people trying to get by. Economists relying on the federal survey of Consumer Finances recently determined that the top 1 of american households now hold about 40 of the nations wealth, which is a 50year high. This legislation overwhelmingly benefits them while raising taxes on 48 of american taxpayers by 2027. Many of the families whose taxes will go up have already been through tough Economic Times during the Great Recession. Productivity in the American Workforce has been declining and wages hav

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