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Report Video IssueUser Clip: 071003 Cornyn Said Taxing the Rich is Unrealistic
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July 30, 2020 2007-10-03T10:30:31-04:00https://images.c-span.org/Files/d23/20071003103046002_hd.jpg"Then there are some who say we want to tax the rich and don't worry about it because we are only going to tax the rich. I ask how many times we have heard that before. The alternative minimum tax is the latest example. We know that from roughly 4 million taxpayers who will be hit by this so-called alternative minimum tax this year. According to the Wall Street Journal, that number in 2007 could soar to 23 million Americans, from 4 million to 23 million Americans. In other words, the tendency all too often of the Federal Government is once a tax is created to see that tax expand and grow and to gobble up more and more taxpayers' dollars."
July 30, 2020 2007-10-03T10:30:31-04:00https://images.c-span.org/Files/d23/20071003103046002_hd.jpg"Then there are some who say we want to tax the rich and don't worry about it because we are only going to tax the rich. I ask how many times we have heard that before. The alternative minimum tax is the latest example. We know that from roughly 4 million taxpayers who will be hit by this so-called alternative minimum tax this year. According to the Wall Street Journal, that number in 2007 could soar to 23 million Americans, from 4 million to 23 million Americans. In other words, the tendency all too often of the Federal Government is once a tax is created to see that tax expand and grow and to gobble up more and more taxpayers' dollars."
"Then there are some who say we want to tax the rich and don't worry about it because we are only going to tax the rich. I ask how many time… read more
"Then there are some who say we want to tax the rich and don't worry about it because we are only going to tax the rich. I ask how many times we have heard that before. The alternative minimum tax is the latest example. We know that from roughly 4 million taxpayers who will be hit by this so-called alternative minimum tax this year. According to the Wall Street Journal, that number in 2007 could soar to 23 million Americans, from 4 million to 23 million Americans. In other words, the tendency all too often of the Federal Government is once a tax is created to see that tax expand and grow and to gobble up more and more taxpayers' dollars." close
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- John Cornyn U.S. Senator (Class 2) [R] Texas
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