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to those who say, man, these people in the democratic party, they just can t give away my money fast enough, what s your answer? well, first, a study just came out that said our data is now more valuable than oil. and so i d ask them to reflect, did you get your data check in the mail? because there are companies that are profiting to the tune of billions of dollars off of our information. and that s the nature of the 21st century economy. this is not us getting something for anything. this is actually our getting what we should be getting as the owners and shareholders of the richest country in the history of the world. so, you re saying that the money that gives each of us $1,000 a month doesn t come from tax rolls? it comes from where? well, it comes from the biggest winners of the 21st century economy. you have a trillion dollar tech company, amazon, closing 30% of america s stores and malls and playing zero in taxes. so, if we give the american ....
One that has most of the major civil rights groups, naacp, urban league and others, on the other side of the fence. that is that these people add to the american economy. if you see it as a growth project rather than a limit where some one takes a piece of the pie that otherwise would go to you, you start today it as economic expansion and mourning in america. there s more opportunity the there s a vital 134r50i of workers for the vital supply of workers for the american employer. that s what they re after. a legal supply of workers who are going to be tacked, on the tax rolls, and who have to meet all the requirements, legal requirements, to get into that job market. shannon: congressman, your take? well, look, i think most people want to take care of people brought here, you know, as little kids, some were infants, we want to be compassionate. the core question, should they ....
Paul: okay. so about three times what we got because of all the temporary provisions. so there s a great deal of promise here if all of it s made permanent. paul: okay. one of the reasons they didn t make it permanent is they had to fit the numbers inside that ten-year budget window that congress has concocted for itself. exactly. paul: so they can revisit this policy and extend those if need be. i want to talk to you about some of the criticisms leveled at this bill, one of which is that this is really a tax increase on the middle class as nancy pelosi says. is that true? [laughter] no. in fact, everybody gets a tax cut in the middle class. in fact, even the liberal tax policy center brookings said this plan will knock over four million people, low income people, off the tax rolls, increasing the amount of non-payers to about 48% of all filers. that s incredible. that means, actually, this plan is much more progressive than what the left is owning up to. paul: okay. now, people ....
Paul: okay. so about three times what we got because of all the temporary provisions. so there s a great deal of promise here if all of it s made permanent. paul: okay. one of the reasons they didn t make it permanent is they had to fit the numbers inside that ten-year budget window that congress has concocted for itself. exactly. paul: so they can revisit this policy and extend those if need be. i want to talk to you about some of the criticisms leveled at this bill, one of which is that this is really a tax increase on the middle class as nancy pelosi says. is that true? [laughter] no. in fact, everybody gets a tax cut in the middle class. in fact, even the liberal tax policy center brookings said this plan will knock over four million people, low income people, off the tax rolls, increasing the amount of non-payers to about 48% of all filers. that s incredible. that means, actually, this plan is much more progressive than what the left is owning up to. paul: okay. ....
Corporations and pass-through businesses a tax cut for the rich. as you look at the distribution table is that accurate? we have to understand the us tax code is extremely progressive already, the top 1% of taxpayers pays a greater share of the tax burden than the bottom 90% combined. over the years congress has passed these child tax credits and other tax credits that have knocked millions of people off of tax rolls at the bottom so the only people of paying taxes are the wealthy. almost by definition anytime you try to cut taxes across the board to some extent it will benefit the rich. paul: i am getting emails from people i know in illinois and california and new york and i hear them saying my taxes are going up under these bills because they are getting rid of the state and local tax deduction. these are relatively well-off upper-middle-class taxpayers but ....