On the recordOctober 24, 2017
Probably most of all, when we talk about the President, it is time to stop tweeting and start leading on taxes. Mr. President, it is time to start really engaging with the substance of the tax plan that your staff and congressional Republicans have put together because, Mr. President, your rhetoric does not match the reality on the tax bill. The President has been selling his tax plan as a boon for the middle class. He told a group of truckers earlier this month that his tax plan is ``a middle-class bill.'' He said: ``The biggest winners will be everyday American workers.'' In his words, the Republican tax plan would bring about a ``middle-class miracle.'' President Trump, I urge you to look closely at the tax plan that your staff and congressional Republicans have put together. Ask the advisers around you what about this tax plan benefits the middle class and the everyday American worker more than the wealthy and the powerful, because trickle-down, if that is the only thing that benefits the middle class in your thinking, doesn't work. No one believes in trickle-down anymore except a small group of very wealthy business people who have undue influence on the Republican Party and, I hope, not on you, Mr. President. Let's look at this plan that supposedly is a middle-class plan. It repeals the estate tax. That applies to a small number of families with estates over $5 million. It lowers the rate on passthrough entities.…
