Political Quotes

“today, as millions of Americans in Illinois and across the Nation finish filing their taxes, I come to the floor to discuss the most recent tax reform bill considered by the U.S. Senate and House of Representatives. Last year, Republicans followed through with their promise and used a special procedural approach called reconciliation, which allowed them to bring a tax reform plan to the floor outside of regular order and without committee hearings and the ordinary amendment-invoked process. Democrats were not really participants in this but only observers, under the reconciliation process. That tax plan has now become the law of the land, and now we know what it is doing. It has created a massive tax giveaway to the largest multinational corporations, to the wealthiest corporate CEOs, and to well-connected campaign donors. In passing this plan, Republicans said that if they could just cut taxes enough for large corporations, these corporations would invest in America, give breaks to their employees, and create more employment. The benefits of these tax breaks to the corporations supposedly would trickle down to workers in the form of higher wages, and the economy would explode, creating new jobs. The tax plan was voted on favorably by every Republican in the U.S. Senate, and it added $1.5 trillion to the national debt, to fund these massive corporate tax cuts. So what did the corporations do with their tax cut benefits?…”