Hoyer Discusses President Trump's State of the Union Address and the GOP Tax Scam on Fox News
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Press Release
For Immediate Release:
January 30, 2018
Contact Info:
Mariel Saez 202-225-3130
WASHINGTON, DC - House Democratic Whip Steny H. Hoyer (MD) joined Fox News’ Your World with Neil Cavuto to discuss President Trump’s State of the Union address this evening and the GOP tax scam. Below are excerpts from the interview and a link to the video:
“I don't think $1,000 is chump change, Neil, but when you compare it to what the upper 1% got, you're talking about $23 a week versus about $1,100 a week. Which is ironic when Paul Ryan, our Speaker, and the President and very frankly Secretary Mnuchin said we're not going to give money to the upper 1% because they don't need it. The people who need it are the working people who are working hard, are striving, and they can have tough times.”
“What is good for the workers is over time how they're treated with respect to salaries, and benefits, and retirement, health benefits. So the initial bump was a pleasant surprise to many and that's good, but the fact of the matter is the distribution of the tax cuts, first of all, which create a huge deficit, that's going to be very bad for the economy in my opinion in the long run, notwithstanding their claim, oh, it's going to pay for itself.”
“Frankly, the economic policy the President is pursuing now with the deep tax cuts was the policy they pursued in ‘01 and ‘03 and, frankly, we were promised the best, longest-term recovery ever, and that did not happen. As a matter of fact, we had the deepest recession. No, it wasn't totally the Administration's policies but the [Obama] Administration and the Clinton Administration had one of the best economies anybody alive today has experienced. And the Republicans said [Clinton’s] policies in ‘93 were going to bring the economy down and make it very hard for working people. It did exactly the opposite. So there's a substantial difference in performance, I think, between the Democratic administrations and the Republican administrations.”
“I don't think $1,000 is chump change, Neil, but when you compare it to what the upper 1% got, you're talking about $23 a week versus about $1,100 a week. Which is ironic when Paul Ryan, our Speaker, and the President and very frankly Secretary Mnuchin said we're not going to give money to the upper 1% because they don't need it. The people who need it are the working people who are working hard, are striving, and they can have tough times.”
“What is good for the workers is over time how they're treated with respect to salaries, and benefits, and retirement, health benefits. So the initial bump was a pleasant surprise to many and that's good, but the fact of the matter is the distribution of the tax cuts, first of all, which create a huge deficit, that's going to be very bad for the economy in my opinion in the long run, notwithstanding their claim, oh, it's going to pay for itself.”
“Frankly, the economic policy the President is pursuing now with the deep tax cuts was the policy they pursued in ‘01 and ‘03 and, frankly, we were promised the best, longest-term recovery ever, and that did not happen. As a matter of fact, we had the deepest recession. No, it wasn't totally the Administration's policies but the [Obama] Administration and the Clinton Administration had one of the best economies anybody alive today has experienced. And the Republicans said [Clinton’s] policies in ‘93 were going to bring the economy down and make it very hard for working people. It did exactly the opposite. So there's a substantial difference in performance, I think, between the Democratic administrations and the Republican administrations.”