On the recordNovember 30, 2017
Mr. President, before he leaves the floor, I would like to thank Senator Cardin for his leadership on so many finance issues and especially for highlighting today, as part of this major debate on tax reform, the importance of infrastructure. The fact is, you cannot have big-league quality of life with little-league infrastructure. My colleague has made the point that repatriation would be a natural as one of the two bookends for infrastructure. It would ensure that we would have some funds we could count on, some publicly available funds, and I think it would be a natural fit with the kind of bonding that Senator Hoeven and I and others have been interested in. I am here to talk on another subject, but before he leaves, I would like to thank my colleague for his comments. Mr. President and colleagues, it is fair to say that it is throwback Thursday here in the Senate. It is also a big day for the Treasury Secretary, Steve Mnuchin--not only because we are dealing with taxes, not only because there is another glamorous photo shoot with a big sheet of dollar bills, but this is also the 1-year anniversary of what has come to be known as the Mnuchin rule. It was November 30, 2016, when news broke that Mr. Mnuchin was the likely nominee to head the Department of Treasury, and that morning, the Secretary-to-be went on TV and delivered what sounded like a very sweet promise. Here is what he said about the Trump administration's ideas for the issue we talk about tonight, tax reform.…
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