On the recordNovember 29, 2017
Mr. President, Senate Republicans are about 24 hours away from passing a bill that would make middle-class families in this country pay more taxes so big corporations and millionaires can pay less. A bill like that would never really make sense, but it really, really doesn't make sense right now. Since 1980, corporate profits have shot through the roof, while wages for working people have remained pretty much the same. With corporate profits up and family incomes flat, who is paying the cost of running the government? Thanks to Congress, over the past 50 years, corporations have gone from picking up about 25 percent of what it costs to run the government to picking up about 9 percent or, to say it another way, hard-working families now pick up a much bigger share of the cost of running our government. I don't care whether you are a Democrat or a Republican, this just isn't fair. Corporations are wallowing in profits while hard-pressed families are picking up the bill for our military, for our government agencies, for homeland security, for our infrastructure, and for everything else we have to pitch in to pay for. Here comes the Republican tax bill, which would make a bad situation worse. The Republican tax bill would slash taxes on corporations even further and raise taxes on millions of working families. It is hard to comprehend how deeply unfair that is.…





