House Majority Leader Steny Hoyer, D-Md., sounds like he’s feeling a little unappreciated for helping pass a tax cut last year as part of the stimulus. From his comments today at a NARFE luncheon in Bowie, Md.:
How many of you know that a third of the recovery act was a tax cut? $260 billion of the $780 [billion]was a tax cut. It was a tax cut that not many people really [said], “Oh, I got a tax cut!” The reason is because it was about $20, $25 a week extra in their take-home pay. The reason it was given in that way is because they would then spend it, and therefore it would help spur the economy.
That was nice, but they didn’t notice it. Nobody’s come up to me and patted me on the back and said, “Thanks for that tax cut.”