On the recordOctober 24, 2017
An interesting week out ahead. As we begin this week, as we look at the budget for the United States of America, as we look and prepare to deal with the tax cut issue, we really ought to start that discussion with a clear understanding of what our goal is. I often use this when I talk here on the floor because it is foundational. It is foundational to what I believe we should use to test the various pieces of legislation that come before us. This would certainly be applicable as we look at the question of the Republican budget, which will be on the floor in the next couple of days, perhaps as early as tomorrow, and, of course, the tax cuts beyond. Here it is. This is from Franklin Delano Roosevelt--FDR. This is actually etched into the marble at the memorial for Franklin Delano Roosevelt. I came across it one day, and I think it is a very good criteria to judge. Franklin Delano Roosevelt said: ``The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little.'' Using this as the criteria to judge the Republican budget and the upcoming tax reform or tax cuts, we would have to judge both as a miserable failure. We are looking at a situation in which somewhere between $2.5 trillion to $5 trillion of revenue will be removed from the Federal Government. That is about somewhere between $250 billion a year to $500 billion of revenue.…
Source
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