On the recordDecember 18, 2017
I come to the floor tonight, once again, to talk about this tax bill being rushed through the House and the Senate. This is the first time in 31 years that a tax bill of this magnitude has been considered. I don't refer to this as tax reform because it is barely reforming anything. It seems a shame that we didn't follow in the footsteps of what then- President Reagan chose to do when he had the opportunity to reform the Tax Code. The bill he worked on, which was every bit as consequential as the one in front of us, commanded the vast majority of votes in this Chamber--Democrats and Republicans voting together--after years of process, years of committee hearings, years of hearings even out in the country, listening to business owners, economists, and citizens talk about what they thought our Tax Code needed to be competitive and to be fair to the American people. I would say through the Chair to the pages that I was in college when the last bill was passed. Now, 31 years later, we are on the verge of passing a bill in the Senate without one Democratic vote--not a single one--and without a single hearing in the Senate Finance Committee, on which I serve--not a single hearing about the text of this bill, not a single hearing to tell the American people that, on the individual side of this bill, we are borrowing $34 billion from our kids to give a tax cut to the 572,000 taxpayers who are fortunate enough to make more than $1 million a year.…
Source
govinfo.gov




