On the recordNovember 30, 2017
just for clarification for the Senator from Vermont, I didn't speak to a group of people from Wall Street. I spoke at a POLITICO breakfast--POLITICO magazine, newspaper, whatever it is. I didn't know it had anything to do with Wall Street. The second point that I would raise on this topic is, this is not a debate on Social Security or Medicaid--which I am happy to have. It is an important program. I think if you are 50 years of age or older and near retirement or in retirement, there are not going to be any changes to that program. I think if you are 46 or 36 or 26, you should be worried that there won't be Social Security or Medicaid if it continues on its current track. That is an important debate, and I hope we will have it. But I want to talk today about something different, and that is the child tax credit. Yesterday, Senator Lee and I announced a plan that would expand it and make it fully refundable against payroll tax to help working families across this country, and it has been the subject of pretty significant criticism from some, including--the Senator from Vermont would be interested in hearing this--the Wall Street Journal, which editorialized against it today. So I want to address some of those criticisms because I think many of them are just not valid. They are all invalid, but a couple are actually disrespectful to American workers.…
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