On the recordDecember 20, 2018
Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, so the holy grail of the tax cut was the constant reference to the stock market. That is what we have heard for the last year. I wonder about some of our Members, if they want to compare their 401(k) to what it was like in October of 2008. Or as we have witnessed that constant reference to the stock market, the stock market, the stock market, and a reminder that at the end of 2017, the stock market, or the Dow Jones Industrial Average went up to 24,719, and this afternoon, it is at 22,859. Mr. Speaker, I call attention to that because of the chaotic nature in which this legislative body has functioned: no hearings, no witnesses, legislation crafted, we don't know where, brought to the floor, and then referenced as the achievement of a rising stock market. So here we are again without one single hearing, rushing through another tax package that is not offset, and doubles down on the original law's skewed benefits for people at the top, again, without a markup or a single hearing. A rushed process resulted in a failed product. And now, they want to duplicate that process with these changes proposed here today. The bill includes a number of provisions that could have been reconciled very easily with our side enthusiastically, including the references that Mr. Kelly made to retirement benefits. We are all in.…





