On the recordDecember 6, 2017
just this morning, a newspaper here on the Hill had an article with the headline ``Experts find tax plan riddled with glitches.'' That is because, without a single hearing on the legislation, last week the majority rushed through a complete overhaul of America's Tax Code for the first time in 31 years, and we never had the opportunity to have full consideration of the merits of the proposal. We have now discovered that they have even screwed up the research and development tax credit, which is something American businesses rely on every single day. This process, I am sad to say, was no accident. Had we had time to digest and debate this bill in the full light of day, it would have never withstood public scrutiny. My hope is that over the coming week or so, when the American public can actually see what is in this bill, it will not withstand their scrutiny. Instead of making an honest case to the people, which they deserve, the proponents of this bill have sold this legislation not based on what is actually in this bill but with falsehood after falsehood. First, they claim that the tax cuts wouldn't benefit the wealthiest Americans. Last week in Missouri, President Trump said: This is going to cost me a fortune. . . . This is not good for me.…
Source
govinfo.gov




