On the recordDecember 4, 2017
in the early hours of Saturday morning, under the cover of darkness, the Republican majority rushed through one of the worst, most hastily considered pieces of major legislation I have seen in my time in the Senate. The bill will cause one of the greatest transfers of wealth to corporate America and the already wealthy, while working America picks up the tab. Millions of middle-class families will pay higher taxes under the Republican plan in only a few short years. Because the bill is unpaid for, the deficit will skyrocket, cannibalizing resources for education, scientific research, infrastructure, and our military, endangering Social Security, Medicare, and Medicaid. As I said last week, I have not seen a more regressive piece of legislation so devoid of a rationale, so ill suited for the condition of the country, so removed from the reality of what the American people need. The text of the bill itself was released in the early evening, only several hours before a final vote took place. Lobbyists had a chance to read and change the bill before Members of the U.S. Senate. When we received the bill, there were sections of text handwritten in the margins concerning some of the most complex tax provisions. The Joint Committee on Taxation was not even able to produce an analysis of the bill until after the final vote took place at around 2 or 3 in the morning.…





