On the recordNovember 16, 2017
I appreciate my friend yielding time. Mr. Speaker, this is a horror show today, this is a horror show debate, and this is a horror show process, but it is a disaster for the American people. The tax bill we are debating today will abandon millions of American families. It showers the wealthy and corporations with massive tax cuts, and it adds $1.5 trillion to our deficits. The top 1 percent get this massive payout in the neighborhood of $500 billion; hardworking families get pocket change. But millions don't even get that. In fact, 36 million middle class families will pay more in taxes because of this bill. Our Republican colleagues will be taking money out of the pockets of these families to give more tax cuts to the rich. But it doesn't stop there. It never does. This is part of a dangerous three-step process that we have seen, unfortunately, far too often: The first step, Republicans enact massive tax cuts for the rich, claiming they will generate enough growth to pay for themselves. I know my Republican colleagues desperately want the American people to believe that this is what will happen. But the record is clear. It failed in the 1980s, and it failed in the 2000s. It was an epic failure in Kansas. This is about politics, not reality, for them, which brings us to step two. Once these cuts fail to produce the growth that they promise, Republicans will shriek about the impending doom of high deficits and debt.…
