On the recordNovember 2, 2017
Madam Speaker, the so-called Republican tax plan will increase taxes on the middle class, explode the deficit, and undermine Medicare and Medicaid. It will saddle your children and grandchildren with more than $1 trillion in debt, simply to provide millionaires and billionaires with a massive tax cut. Now, House Republicans will argue that trickle-down economics, supply-side economics, and dynamic scoring will somehow magically save the day. But the notion that massive tax cuts for millionaires and billionaires will somehow result in strong economic growth is a phony, fraudulent, and fake argument. It has no basis in reality. There is no evidence to support this fantasy. When Ronald Reagan cut taxes on millionaires and billionaires, it didn't result in strong economic growth. It led to a massive deficit. When George W. Bush cut taxes on millionaires and billionaires, it didn't result in strong economic growth. It led to the Great Recession. When the Republican Governor of Kansas cut taxes on millionaires and billionaires, it didn't result in strong economic growth. It led to prison riots, overcrowded schools, and crumbling infrastructure. We cannot allow this scheme to happen to the United States of America. The American people deserve a better deal. ____________________





