On the eve of Tax Day, U.S. Rep. Frederica Wilson (D-Fla.) reiterated her call for Congress to take steps to restore tax fairness for working Floridians and families, instead of giving more tax cuts to millionaires and billionaires.
"It's unfair to ask working Floridians and families to pay a higher tax rate than millionaires and billionaires -- especially when we know we need to invest more in our infrastructure, education and innovation to grow the economy," said Rep. Wilson.
The way to ensure that people making more than $1 million per year pay their fair share is the Buffet Rule, named for legendary investor Warren Buffett who famously said that it is wrong that he pays a lower tax rate than his secretary.
"For more than 30 years, we tried the Republicans' failed policy of trickle-down economics," Rep. Wilson said. "What resulted was a massive concentration of wealth at the very top while most Americans have seen their incomes stagnate for three decades."
As expected, the Senate Republicans blocked the Buffett Rule from coming up for a vote, yet another abuse of the filibuster to sabotage the economy as they have done over the past three years. The House Republicans have no plans to place the Buffett Rule on the floor calendar, yet they propose an average of $394,000 in additional tax cuts to those making seven figures annually.
"It's clear that the Democrats know that the average American would put their hard-earned income back into the economy in the form of new home appliances, house repairs, getting a new muffler for their car, and clothes for themselves for work and their children for school -- while the Republicans hold onto the fantasy of the so-called "job creators,'" said Rep. Wilson. "When are the Republicans going to learn that they are the ones responsible for making it more difficult for people to achieve the American Dream?"