Political Quotes

“Mr. President, again, my colleagues continue to argue that our now-wealthy companies are showered with an ever-increasing tax break and need to pay their fair share. I would point out that the TCJA that we are talking about in this legislation doesn't even touch the tax rates either way with regard to corporations. Leaving that aside, before these tax cuts back in 2017, the United States had a 35-percent corporate tax rate--one of the highest in the world. Companies were fleeing America to do their capital formation in different parts of the world. After we did what everyone in those days agreed was an important reform of our business tax system, we had an end to corporate inversions, and capital started flowing back into the United States with the investments from companies around the world. We saw the greatest and strongest economy that we have seen in our lifetimes develop with the growth in jobs, wages, benefits, and a reduction in unemployment, and the wealth of the average family in America reached all-time highs. The PRESIDING OFFICER. The Senator from Massachusetts.”