Bob Casey Jr.: “Over roughly the last 40 years, our tax system over and over…”

“I want to thank our witnesses. I want to start with kind of where we've been over the course of 40 years due to the rigging of the tax code. Over roughly the last 40 years, our tax system over and over again intentionally favors those with very large incomes and often very large lobbying organizations, while the middle class continues to suffer from very limited, if any, tax relief. Just by way of example, between 2020 and 22, just those years, corporate profits rose 75% five times, five times as fast as inflation.” (00:15–00:35)

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.