Political Quotes

On the recordOctober 17, 2017
Mr. President, before I read from my remarks, I would like to make the point that I get the impression that what some Members of the other political party--but more often editorials and think tanks--believe and want the public to believe is that there is actually a tax bill produced by the tax-writing committees of the Congress, something that is very definitive in what it does to the tax policy. I want to make clear that there is no such document. All we have so far is what is called a framework agreed to by the leaders of the two tax- writing committees and the Treasury Department and the leaders of the House and the Senate. You cannot draw conclusions about who is going to pay what taxes just from the framework. I will get into real detail on this, but the other thing I would like to make clear is the fact that there are a lot of people drawing conclusions about who is going to get tax benefits and who is going to be hurt as a result of all this information that is out there, from which no one can draw conclusions because there isn't any bill before the Congress at this point. There will be in a matter of weeks. The budget that we are debating this week paves the way for fundamental tax reform. For more than a decade, both sides of the aisle have talked about the need for tax reform that provides tax simplification, tax fairness, and gives us the ability to increase our economic competitiveness so that we can grow the economy. Under President George W.…

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