On the recordOctober 17, 2017
I come to the floor to discuss the Republican tax reform plan and what impact it will have on the fiscal health of our Nation but especially the impact it will have on working families across the United States and in my home State of Illinois. I have represented Illinois in Congress both as a House Member and as a Senator for a number of years. I am proud to say that during my career, I have not shied away from tackling big issues. Maybe one of the toughest assignments I have ever had was in 2010, when President Obama created the National Commission on Fiscal Responsibility and Reform. It was known as the Simpson-Bowles Commission. I was one of 18 Republicans and Democrats given the responsibility of trying to find a way to balance America's budget and reform our country's largest spending programs and our Tax Code. This was no small task, but it was an important one. We spent month after month in bipartisan meetings working at it. Nearly a year after the Commission was created, we were asked to vote on the final report. Simpson-Bowles was not a perfect plan, but I decided to vote in favor of the report, and I knew it would be controversial, but I believed then, as I do now, that there is only one honest way to reduce debt: cut spending, raise revenues, do not ignore the Tax Code. Bowles- Simpson did just that.…





