On the recordDecember 12, 2017
Mr. President, a number of Senators have inquired about the status of the tax legislation and, particularly, the prospect of a real conference committee. It is clear that Republicans are talking among themselves, but apparently they feel, with respect to Democrats, this is a conference in name only. What I would like to do is spell out what we know to date and talk a bit about what would really be in the public's interest. Specifically, late last night, the public learned through the press that Republicans have made no progress--their words, not mine--with respect to the tax bill. They said that all of the major issues were still outstanding. Then, when all of them got up and made their way through their breakfast cornflakes, we were told that, magically, everything had just been worked out--that everything was worked out and that this bill would be ready to go. I know they have been trying to move at the speed of light. We had yet another dose of fake math yesterday when the Treasury Department reported its so-called analysis to project that this bill would generate great growth, when, in fact, it comes up $1 trillion short. So I would like to make sure the public understands what is on offer as of right now.…
Source
govinfo.gov




