"It is day after day in this institution, borrow money, run up the debt, run up the deficits, and then, with a straight face, say, 'We are going to repeal a tax that affects 1 percent of the American people, just 1 percent of the American people'"
About this Quote
The target is a familiar Washington move: pair deficit panic with tax cuts for the wealthy, then sell it as principled reform. By narrowing the beneficiary group to “1 percent,” Neal isn’t just invoking inequality; he’s isolating motive. If the tax repeal affects only a sliver of Americans, the implied reason for its urgency isn’t broad economic need but donor politics, ideological reward, or class loyalty. Repeating “1 percent” twice is intentional blunt force - a rhetorical siren that makes any nuance sound like excuse-making.
Contextually, this line fits the post-2010s trench war over tax policy and deficit messaging: fights about estate tax, high-end deductions, or other top-bracket provisions where lawmakers oscillate between warning about debt and championing cuts that worsen it. Neal’s intent is to collapse that contradiction in public view, turning budget hypocrisy into a moral issue: not “can we afford it?” but “who is Congress really working for?”
Quote Details
| Topic | Wealth |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Neal, Richard. (2026, February 17). It is day after day in this institution, borrow money, run up the debt, run up the deficits, and then, with a straight face, say, 'We are going to repeal a tax that affects 1 percent of the American people, just 1 percent of the American people'. FixQuotes. https://fixquotes.com/quotes/it-is-day-after-day-in-this-institution-borrow-107531/
Chicago Style
Neal, Richard. "It is day after day in this institution, borrow money, run up the debt, run up the deficits, and then, with a straight face, say, 'We are going to repeal a tax that affects 1 percent of the American people, just 1 percent of the American people'." FixQuotes. February 17, 2026. https://fixquotes.com/quotes/it-is-day-after-day-in-this-institution-borrow-107531/.
MLA Style (9th ed.)
"It is day after day in this institution, borrow money, run up the debt, run up the deficits, and then, with a straight face, say, 'We are going to repeal a tax that affects 1 percent of the American people, just 1 percent of the American people'." FixQuotes, 17 Feb. 2026, https://fixquotes.com/quotes/it-is-day-after-day-in-this-institution-borrow-107531/. Accessed 18 Feb. 2026.


