On the recordNovember 13, 2017
I thank Congressman Veasey for hosting tonight's Special Order hour. Mr. Speaker, we are here, as the gentleman from Texas has stated, to discuss many different issues that face the American people. H.R. 1, which is interesting that it holds that number, because based on what we see, that tax cut will only work for the top 1 percent, so we feel that it is appropriate that it was designated H.R. 1. Mr. Speaker, this tax bill, cut tax scam will devastate over a period of time the working class, people trying to move into the middle class, and middle class families. Eventually, some people might see a bit of a cut, but for most people, there will be an increase. I do not understand why we continue to think that trickle-down economics is going to work in this country. It has failed time and time again. To give breaks to the most wealthy, somehow we feel that that is going to overflow and trickle and drip down to the middle class. Sometimes a drip is very slow. We continue to wait for this economic equation to work one time in the country's history because, up to this point, it has not worked. Why would we not allow families to continue to deduct their interest on student loans? Why? Most of these families are fighting to get their children into college and have to take out loans. What is it about the country that we need to tax those people? Tell me why it is that they cannot deduct this interest.…
