On the recordDecember 19, 2017
I thank my friend, Mr. Garamendi, for allowing me the opportunity to speak about this. You have FDR on the poster. He also said December 7 was a day that would live in infamy. This is a day that will live in infamy because of the tax bill that was passed today. I don't like to speak in this hyperbolic way, but what was passed by the Republican House, and soon by the Republican Senate, is something none of us has ever seen before. Let's just do some easy math so that people understand how unbelievable the numbers are on this. Let's take Speaker Ryan's numbers. He said an average family of four making some $60,000 are going to save about $1,183. Okay. Of the four, that is about $275 per person. That is nice. I like it. What he doesn't tell you, and what the Republicans refuse to talk about, is how much money is put on the credit card of the Nation for the current generation and future generations to have to pay. At best, it is $1.5 trillion. That is a number that none of us can really understand how big it is. But let's say there are 300 million Americans. Divide 300 million into $1.5 trillion and that is $5,000. Let's do the math. You get to save $270, but you put $5,000 on the credit card. Wait a second. That doesn't sound quite right. Where does that $4,730 go? Well, it goes straight up to the wealthiest among us. So all of us, as a country, as a nation, and as a people, have the obligation to pay this back. And who gets it? Just a very slim few.…
Source
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