On the recordOctober 12, 2017
I thank Congressman Khanna for his leadership in putting this together. Madam Speaker, I want to invoke a great Republican member of this body who went on to become President of the United States, Abraham Lincoln, who spoke of ``government of the people, by the people, for the people.'' The tax plan that has been presented to us by the GOP in the 21st century is government of the 1 percent, by the 1 percent, and for the 1 percent. It was written by a billionaire Cabinet of a billionaire President for the richest 1 percent of taxpayers in the country. The same policy experts whose healthcare plan was to throw 30 million Americans off their health insurance and reduce women's access to complete reproductive services now have a tax plan to sell America. But read the fine print first. In fact, you don't even need to read the fine print. You just have to look at the headlines. Under this plan, 80 percent of the total tax cut will end up going to the wealthiest 1 percent of Americans who earn more than $900,000 a year. Let me repeat that: 80 percent of the money that will be saved in this tax cut will go to Americans earning $900,000 a year. That is astounding. In the meantime, tens of millions of middle class families making between $50,000 and $150,000 a year will pay higher taxes than they were paying before. And check this out.…





