On the recordOctober 26, 2017
Mr. President, I think it is going to be a very robust conversation about taxes. When we look into the eyes of working Americans, I hope my Republican colleagues are ready to answer this question, and that is, Why do they, the Republican Party, want to send $3.5 trillion of tax benefits to the top 1 percent? Why not spend the tax benefits on the middle class? Well, my colleagues keep coming to the floor and saying this is all about the middle class, but they don't mention that, in fact, every single major change is all about benefits for the richest 1 percent. Changing the dynasty tax to create a dynasty loophole, wow, that really doesn't benefit anybody in the working class. Lowering the top bracket while raising the bottom bracket, well, that doesn't help anybody in the working class. Providing a special passthrough for those who can put their business activities into limited liability corporations and have a special low rate, well, that certainly doesn't help anybody in the middle class. One provision after another, after another is targeted at the richest Americans, while coming and preaching help for the middle class. Oh, the American people will see right through this scheme. They are going to ask: Why is it you do so little for those at the bottom? In fact, you do nothing for those in the bottom third. Why is it you do so little for those in the middle class? In fact, many of them will see a tax increase.…
Source
govinfo.gov




