On the recordDecember 19, 2017
I thank Mr. Cicilline for bringing to our attention some key elements here: The deficit issue, which we will discuss a little longer today. Also, the issue of really growing American jobs: growing wages, growing the future, and creating a better future for American workers. I know that has been the gentleman's passion and his work. We will go through all of those things in the day ahead. This bill may very well become law, but I would surely like to see exactly how the President is going to do with this. I suspect this passthrough business in which he has 500 passthrough corporations--he is not an active investor. He will make out very, very well, and the working men and women of the middle class are going to lose. I am just looking at this. This is the distribution tables from the Joint Committee on Taxation, December 18, 2017. Income category, a distribution of individual income tax side of the proposal. 2019, a small $127 million reduction for everybody making less than $10,000. In 2021, they are actually paying higher taxes. So the very, very bottom, in just 3 years, they are going to pay higher taxes. I notice that my friend from North Carolina has joined us, and I thank him so very much for joining us. I know he has a few things on his mind, as do Mr. Cicilline and I. Mr. Speaker, I yield to the gentleman from North Carolina (Mr. Price) to share with us his views on what has happened today and where we are going.
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