John Yarmuth: “I thank the gentleman for yielding. Mr. Speaker, just 8 months ago, the Republicans jammed through their massive…”

“I thank the gentleman for yielding. Mr. Speaker, just 8 months ago, the Republicans jammed through their massive, unpaid-for tax cut. Not a single Democrat voted for that bill, and for good reason. Nonpartisan experts told us that the tax cut would overwhelmingly benefit the wealthy and big corporations while threatening our fiscal and economic health. It would add more than $1 trillion to the Nation's debt. And the newest reports on the impact of the tax law further confirm those dire warnings: Corporate profits have soared, along with stock buybacks, while working-class wages remain stagnant and income and wealth inequality continue to grow. Yet today, Republicans want to go even further, pushing their tax cut 2.0 legislation. It is not a surprise that they are extending the provisions of their tax bill. The expirations were always gimmicks to hide the true cost of the tax cut and evade the constraints on reconciliation bills. This new legislation, once again, benefits the wealthiest Americans and adds trillions of dollars more to the Nation's debt in decades to come, further jeopardizing the Nation's already rocky long-term fiscal outlook. This new tax cut 2.0 package, just like the one before it, is being rushed through the House with no hearings and no input from the American people.…”