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Chris Van Hollen
@chrisvanhollen· Democratic · MD· Jan 23, 2018

the Trump administration is simply benefiting from the continuation of the Obama economy.

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Chris Van Hollen
@chrisvanhollen· Democratic · MD· Jan 23, 2018

That is not a middle-class tax cut. That is a tax increase on hundreds of thousands of Marylanders.

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Chris Van Hollen
@chrisvanhollen· Democratic · MD· Jan 23, 2018

I would just point out again, when President Trump and lots of other folks talked about it, they did not have a big asterisk next to the $4,000 pay raise saying it is going to be after the next election.

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Chris Van Hollen
@chrisvanhollen· Democratic · MD· Jan 23, 2018

I have got to figure a lot of families who are out there looking at the overall picture are recognizing that at the end of the day they are going to get the short end of the stick, unless they are a big corporation.

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Chris Van Hollen
@chrisvanhollen· Democratic · MD· Jan 23, 2018

In my State of Maryland, over 350,000 families will actually see a tax increase, including mostly middle-class families.

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Chris Van Hollen
@chrisvanhollen· Democratic · MD· Jan 23, 2018

We passed a tax proposal that is estimated to increase our national debt well over $1 trillion.

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Chris Van Hollen
@chrisvanhollen· Democratic · MD· Jan 23, 2018

There has been great concern on a bipartisan basis that OCO over the years has been used as a slush fund

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Chris Van Hollen
@chrisvanhollen· Democratic · MD· Jan 23, 2018

80 percent of the benefit of increased economic activity from the tax law is going into the pockets of foreigners.

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Chris Van Hollen
@chrisvanhollen· Democratic · MD· Jan 23, 2018

I just find it ironic, Mr. Chairman, that we have got now what is a Government program that encourages the people to move plants and equipment overseas.

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Chris Van Hollen
@chrisvanhollen· Democratic · MD· Jan 23, 2018

for the first 11 months of fiscal year 2018 we are going to expect close to a $1 trillion deficit, specifically $895 billion just in the first 11 months of this fiscal year.

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Chris Van Hollen
@chrisvanhollen· Democratic · MD· Jan 23, 2018

I hope someone will point out to the President of the United States that when I add it up, it comes to $447 billion over those 10 years, which is more than twice as much as he asked for in his infrastructure plan.

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Chris Van Hollen
@chrisvanhollen· Democratic · MD· Jan 23, 2018

By locating more tangible assets abroad, a corporation is able to reduce the amount of foreign income that is categorized as GILTI.

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Chris Van Hollen
@chrisvanhollen· Democratic · MD· Jan 23, 2018

corporate tax receipts have fallen by 30 percent in the aftermath of the passage of the Republican tax bill.

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Chris Van Hollen
@chrisvanhollen· Democratic · MD· Jan 23, 2018

But the House and the Senate both rushed to pass final legislation before the Joint Tax Committee could do a dynamic score.

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Chris Van Hollen
@chrisvanhollen· Democratic · MD· Jan 23, 2018

We have a President that likes to tweet a lot about the most recent economic indicators.

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Chris Van Hollen
@chrisvanhollen· Democratic · MD· Jan 23, 2018

The unusual thing about that tax cut is we usually reserve those stimulus efforts for times when the economy is really in bad shape.

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