On the recordDecember 15, 2021
I appreciate my friend from Texas and his comments, but I have trouble following some of them. When he came to the floor after the deserved credit for the Trump 2017-2018 tax cut for the rich--70 percent of the benefits went to the 1 percent--he did take credit for his work in the Finance Committee. He should take credit for that, but that is what drove this hole in the deficit where the rich got richer. I remember during that--and the Presiding Officer was not here at the time, but he can still see it here. You can look out the window, and you can see Senator McConnell's office there and the lobbyists lined up. You should have seen it back when Senator Cornyn was talking about this tax cut--this tax cut for the rich--when they made these promises: You know, if you give tax cuts to really rich people and corporations, it will trickle down, and we will all do better. They will hire more people, and they will raise wages. Well, we know what they did. In fact, they just announced another round of it--a whole bunch of stock buybacks for the executives. So we know what happened during those years. Profits went up for corporations, and stock markets soared. Executive compensation exploded through the roof, and wages for most people in Mansfield, GA, and Mansfield, OH, and Marietta, GA, and Marietta, OH, stayed flat. We know that. That is why Build Back Better makes sense. It begins to put money in people's pockets.…





