On the recordNovember 15, 2017
I thank the gentleman for yielding me time and for his incredible leadership on this subject. You can't have it both ways. I just heard it said. You can't have it both ways. So what I suspect will happen after I get done, as has been the case with every one of the speakers on this side, the gentleman on the other side will say that residents in my hometown will get a tax break of X, $1,000. I would ask the gentleman if he would add to that the amount of the debt that is being borne by each one of those families. Because the way I have got it calculated, it costs a family of four about $20,000 for your debt that you are willing to levy against our children and grandchildren in order to give the richest 1 percent of Americans a massive tax break. You can't deny the math that almost all the benefit goes to the people at the top. The top 1 percent are huge beneficiaries. You can't deny the math that 5,400 families will get a massive tax break. You can't deny the math that says that every single American will take on additional debt; a family of four, $20,000 in debt. I also was intrigued by the colloquy where Members came to ask the leadership if they will work with them to take out egregious elements of this tax proposal. We get this sort of ``Yes, I will work with the gentleman'' answer. I have a question: Why did you put it in in the first place? Why are you cutting brownfield tax credits? Why are you cutting new market tax credits?…
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