On the recordDecember 20, 2017
early this morning, the Senate voted on the tax bill. I voted against the measure, and as I have said many times, I don't think this is a bill that is going to work for my State or for America. The House now has one more opportunity. I don't think many people think they are going to change their vote, but I just hope, instead of celebrating what happens today, they are going to step back and look at what this really means. I am in a group of people who have long called for tax reform. In fact, 2 weeks before this bill passed, we stood before the public and said we would like to work with the Republicans on a bill to bring the business rate down and to bring the money in from overseas but a bill that didn't add this kind of weight to the debt and a bill that actually was good for all Americans, not just some Americans. We also could have done so much more. We are adding $1.5 trillion to the debt. Yet we are doing nothing for infrastructure. We didn't change the carried interest loophole. We did nothing to fix so many things that even the President had identified as things that needed to be fixed in the Tax Code. I have been concerned by this latest effort, which has not been bipartisan at all. It has resulted in a bill that will, as I said, add to the debt, create huge, new loopholes, and will encourage companies to move money around and move jobs overseas to avoid taxes. It will have huge, unintended consequences on the economy. Why?…





