On the recordOctober 23, 2019
I guess if you live long enough and are around here long enough, you get to hear it all. Hypocrisy is when the party of the rich--now the party that gave $1 trillion in the Trump tax bill to the largest corporations, with most of it going to the wealthiest one-tenth of 1 percent--now says it is for the working guy. Amazing. Hypocrisy is when donor States, like my State of New Jersey, give moocher States--those that actually receive far more than they give to the Federal Treasury--say that somehow we should continue to pay more. Yet that is overwhelmingly the reality that is going on. In fact, I find the comments of some of my colleagues here to be pretty ironic. I urge the Senate to reject these new IRS rules that are designed to block efforts by homeowners across America to avoid the Trump tax law's harmful caps on their State and local tax deductions. I thank Leader Schumer and Ranking Member Wyden for the opportunity to exercise our authority under the Congressional Review Act to stop these IRS rules from taking effect. It was 2 years ago when President Trump and his allies rammed their corporate tax bill through Congress. They promised middle-class families thousands of dollars in tax relief and $4,000 raises in their salaries. Instead, all they got was $1.5 trillion more in debt and an economy that was even more rigged in favor of big corporations and wealthy CEOs.…
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