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Bob Casey Jr.: “If we collected those taxes, we could give $450 on average…”

Featuring: Bob Casey Jr., Democratic | Former U.S. Senate, Pennsylvania

‘Our System Favors Those With Very Large Incomes’: Bob Casey Demands Taxing Reform

Published November 10, 2023 | Video Starts at 03:38

Didn't file anything. These taxpayers owed over $34 billion in tax penalties and interest as of May of 2023. If we collected taxes. If we collected those taxes, we could give $450 on average to every child in America. Mr. Pearl and Ms. Wong, could you talk about how we can make sure that this small group of less than 1,000 millionaires pays their fair share in taxes? Yeah. (03:38–03:48)

CLAIM

Asserts that collecting owed taxes from these millionaires could provide $450 to every child in America.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Bob Casey Jr.

“Over roughly the last 40 years, our tax system over and over again intentionally favors those with very large incomes and often very large…”
‘Our System Favors Those With Very Large Incomes’: Bob Casey Demands Taxing Reform | Uploaded November 10, 2023 | 00:15-00:35
“Between 2020 and 22, just those years, corporate profits rose 75% five times, five times as fast as inflation.”
‘Our System Favors Those With Very Large Incomes’: Bob Casey Demands Taxing Reform | Uploaded November 10, 2023 | 00:36-00:49
“The report shows that the average middle class family in Pennsylvania was forced to pay an extra 3200 bucks in 21 and more than $3500 in…”
‘Our System Favors Those With Very Large Incomes’: Bob Casey Demands Taxing Reform | Uploaded November 10, 2023 | 01:02-01:18
“These same companies and their shareholders were given what I would argue were obscene tax breaks in 2017 through the bill.”
‘Our System Favors Those With Very Large Incomes’: Bob Casey Demands Taxing Reform | Uploaded November 10, 2023 | 01:38-01:48
“From 2017 to 2020, there are almost a thousand Americans with incomes over a million dollars who did not file their taxes at all.”
‘Our System Favors Those With Very Large Incomes’: Bob Casey Demands Taxing Reform | Uploaded November 10, 2023 | 03:16-03:27
“These taxpayers owed over $34 billion in tax penalties and interest as of May of 2023.”
‘Our System Favors Those With Very Large Incomes’: Bob Casey Demands Taxing Reform | Uploaded November 10, 2023 | 03:27-03:37