On the recordJuly 24, 2018
Mr. Speaker, I yield myself the remainder of my time. Mr. Speaker, I am delighted that the gentlewoman from Indiana, my friend, just mentioned the tax cut, so let me just point this out. We have gone from a rate of 35 percent in the corporate world to 21 percent, a 14 point cut in the corporate tax rate, and we are being asked to do this on top of it. Now, Medicare purchases most of the medical devices in America-- taxpayer supported. It is an earned benefit. But here is the other important part of it that I think bears some noting today. It is a terrific industry. It is not in dispute. It is an important industry in America. But when the gentlewoman says: ``Well, the economy is booming because of these tax cuts,'' a reminder, a fact, not from my Twitter account, but stated on the House floor: The American economy has been growing for 94 straight months. The idea that this all happened 500 days ago doesn't stand up underneath the magnifying glass of critical analysis. The stock market has been going up since March of 2009. So when I look at the corporate cut--astounding, by the way-- remember, President Obama said we should have a corporate rate of 28 percent and the chairman of the Ways and Means Committee, a good friend of mine, a Republican, he said, no, we should have 25 percent. So what did the other side do? Let's see, the difference between 28 and 25? Aha, it is 21. I mean, I haven't figured that out yet.…





