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Quote by Barney Frank

“We were giving advice for the single-worst idea to come forward from a group that's been rife with them, it would be this: The idea is this: Let's make the tax code of America better for very rich people; let's give substantial tax relief to the richest people we can find. Forget about the person making $40,000 a year and paying Social Security payroll tax. Forget about all those other people paying income tax; we're here to give tax relief to the richest 2% of America.”

Quote by Barney Frank

Author

Barney Frank
Barney Frank

Barney Frank was a distinguished U.S. Representative from Massachusetts, serving for 32 years. He was a leading advocate for LGBTQ+ rights, financial regulation, and economic equality. Frank was a pivotal figure in the 2008 financial crisis and played a crucial role in the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act. more

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“When you can identify a specific tax that people don't like, and this is one that was designed for the Rockefellers, for the Carnegies in 1916, to fund World War I, but now it's beginning to hit small business people, real estate holders, a lot of people well down the income scale who just spent a life building assets. Suddenly they get hit with a 40%, 50% tax rate.”