On the recordDecember 19, 2017
C-SPAN is an interesting phenomenon. When I go back home to Illinois, I run into people who say: I saw you on C- SPAN. I often joke and say: Do you have trouble sleeping? Why are you watching C-SPAN? I wonder who it is that really watches C-SPAN. It could be a lot of people who are really fascinated by politics. It could be folks who are finding it difficult to sleep. It could be some older folks who just pass the time by watching what happens on the floor of the Senate and the House. Tonight, I think we have a special audience of C-SPAN. Tonight, I think it is entirely possible that we are going to have the wealthiest section of audience and television viewers in the history of C-SPAN. Do you know why? They have a bill coming up--a bill that is designed for the wealthiest people in America. So they are probably at this point trying to figure out how to live-stream C-SPAN onto their yachts so they can see if this tax bill is going to pass. Why would they do that? Why would they be tuned in? Because this is the biggest tax break for the wealthiest people in the history of Tax Code reform. It is. It turns out that in 2027, 83 percent of the tax breaks in this bill go to the top 1 percent of wage earners in America. Boy, how can you sit down and write a tax bill that is so lopsided for the wealthiest people in America? You had to have said to the staff first: Find out what taxes are left that the wealthy might pay and get rid of them-- reduce them right and left.…





