On the recordOctober 25, 2017
We have heard a lot about the distributional analysis of tax reform, and, as I have suggested, it is hard to do. Folks who make a whole lot of money, like my friend from New Jersey's constituency, they pay a whole lot more in taxes. I hope that one day my constituency makes as much money as my friend from New Jersey's constituency, and if we can stimulate the economy the way that I believe that this tax proposal will, we are going to have a shot at getting that done. But we have to have these conversations about limiting tax deductions for the wealthiest Americans if we are going to solve the issues that my friends have raised. And reading right out of that Senate budget report, the whole purpose of considering the State and local tax deduction and considering modifying it, capping it, eliminating it, whatever you want to insert there, Mr. Speaker, is designed around limiting those tax deductions that only benefit the wealthiest among us--that only benefit the wealthiest among us. That is the conversation that folks are trying to have. Again, Mr. Speaker, there is so much more that we agree on than that we disagree on in this Chamber. But it appears, time and time again, we come to the House floor and focus, in the most shrill voices, on the 20 percent of those things that divide us instead of the 80 percent of those things that we could come together and deliver on for our constituency.…
