Chris Van Hollen
The Public Record
Chris Van Hollen is an American politician serving as the junior United States senator from Maryland since January 3, 2017. A member of the Democratic Party, he previously represented Maryland's 8th congressional district in the U.S. House of Representatives from January 3, 2003, to January 3, 2017. Throughout his career, Van Hollen has focused on issues such as economic policy, healthcare, and education reform.
The unusual thing about that tax cut is we usually reserve those stimulus efforts for times when the economy is really in bad shape.
I do not think it surprised anybody that, after you do a $2 trillion tax cut, you are going to see some kind of sugar high reaction in the economy.
We have a President that likes to tweet a lot about the most recent economic indicators.
Only after Congress passed the bill that JCT published a dynamic score that found that the bill was nowhere close to paying for itself.
But the House and the Senate both rushed to pass final legislation before the Joint Tax Committee could do a dynamic score.
The Chairman of President Trump's Council of Economic Advisers, Kevin Hassett, made the bizarre claim that somehow the corporate tax cuts were paying for themselves.
Corporate tax receipts have fallen by 30 percent in the aftermath of the passage of the Republican tax bill.
For the first 11 months of fiscal year 2018 we are going to expect close to a $1 trillion deficit, specifically $895 billion just in the first 11 months of this fiscal year.
I just find it ironic, Mr. Chairman, that we have got now what is a Government program that encourages the people to move plants and equipment overseas.
By locating more tangible assets abroad, a corporation is able to reduce the amount of foreign income that is categorized as GILTI.
80 percent of the benefit of increased economic activity from the tax law is going into the pockets of foreigners.
I hope someone will point out to the President of the United States that when I add it up, it comes to $447 billion over those 10 years, which is more than twice as much as he asked for in his infrastructure plan.
There has been great concern on a bipartisan basis that OCO over the years has been used as a slush fund
I appreciate that, Mr. Chairman, but I am looking at the chart, and I am looking at President Trump's statement.
The first year of the Trump administration deregulation brought all this added economic growth.
What we saw was borrowing, $1.5 trillion to give windfall tax breaks to corporations.
Back in 2016, during the campaign, Candidate Trump called himself the 'King of Debt.' It is pretty clear that this is one of the promises he has kept as President of the United States.
Very, very disturbed that the Trump administration reneged on the longstanding plan to consolidate the FBI campus in a way that would provide a more secure setting.
The Trump administration is simply benefiting from the continuation of the Obama economy.
That is not a middle-class tax cut. That is a tax increase on hundreds of thousands of Marylanders.





