Tim Ryan: “I thank the gentleman for his leadership on this. The last time there was tax reform was 31 years ago. Since then, 96…”

“I thank the gentleman for his leadership on this. The last time there was tax reform was 31 years ago. Since then, 96 percent of income growth went to the top 10 percent of the people in the country. Ninety-six percent went to the top 10 percent. The top 1 percent control 90 percent of the wealth in this country. Sixty-three percent of average families in the United States of America could not withstand a $500 emergency. We have pensions collapsing, we have communities that have eroded, wiped out, and the Republican plan to fix all of this is to go to the Chinese Government, borrow $2.3 trillion and bring it back to the United States and give it to the wealthiest people in this country. That is not going to fix a damn thing in the United States. It is not going to help Flint, or Springfield, or Youngstown, or Pittsburgh, or Gary. I am talking about Gary, Indiana, will get hammered from this thing. {time} 1830 We have tried this before, and many of you were here. President Bush did this. He said: We are going to cut taxes for the wealthy. It is going to lead to growth. Wages are going to go up. We had the most stagnant decade of growth since the Great Depression, and it ended in a complete economic collapse. This is a canard. This economic philosophy stinks. It doesn't work, and it hammers working class people.…”