On the recordJuly 31, 2024
Mr. President and colleagues, if I started the workday with the opportunity to help 16 million kids from low-income families, make America more competitive with China, build affordable housing for hundreds of thousands of Americans, and pay for it all by cracking down on fraud, I would call that a hell of a good day at the office. Tomorrow, we are going to find out if Senate Republicans agree. The vote on the tax bill tomorrow has been more than 6 months in the making. In fact, I have been working on this in a completely bipartisan way for 2 full years. The only reason this didn't get done a long time ago is delay on the part of the Senate Republicans. So no more delay. It is time to vote. Everybody is going to see where each Senator stands. Over the next 45 minutes or so, I am going to have a number of my colleagues talk about why this bill is so important. So I am going to start with just a few key points. For starters, the bill was designed with balance in mind. For every dollar in tax cuts for business, the Joint Committee on Taxation, the official scorekeeper of these matters, has told us that an equal amount goes to children and families as goes to business. Our focus on families is on those that are walking an economic tightrope. And 16 million kids are going to benefit from the bill, half a million lifted out of poverty--a huge accomplishment. And it is especially important for the families with modest incomes; families with two, three, or four kids.…





