I come to the floor this afternoon with a number of my Democratic colleagues to speak about the subject of paramount concern for most Americans: the economy. Healthcare, the economy, and their jobs are what folks are focused on when they wake up in the morning. The Joint Economic Committee now headed on our side of the aisle by Don Beyer from Virginia, released two reports today that all Americans should look at carefully. One of them focuses on the failure of the 2017 Trump tax cuts which Chairman Neal will be focusing on shortly. Republicans claim that the tax cuts would pay for themselves and not add a penny to deficits and debt. That is a theory that we have heard time and time again from Republicans to support their tax cuts for the wealthiest in our country. Both experience and evidence tell us that their tax cuts always end up driving our deficits up, hurting the middle class, and placing the burden on future generations. I hope Americans will read that report and draw the same conclusions that so many economists have made about the dangerous tax scam. The second report which we will be focusing on this evening concerns the economy more broadly. It asks a question that many Americans may be asking this year: Is the Trump economy doing as well as the President claimed it would? And: Can the President take credit for economic growth that began long before he took office? I want to thank the gentleman from Virginia (Mr.…
On the recordJanuary 28, 2020
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