On the recordDecember 10, 2018
Madam President, the Senate will soon cast the first procedural vote on the nomination of Justin Muzinich to serve as the Deputy Secretary of the Treasury. I am going to oppose this nomination, and I would like to lay out exactly why, beginning with a basic rule that I intend to maintain going forward. If a Treasury nominee says the Trump tax handouts will pay for themselves, I intend to oppose them. The reason why is that by sticking with this debunked claim, you are basically laying out the economic policy version of being a flat-earther. You are either peddling an idea you know is untrue, or you can't do math. Either way, you shouldn't have a pivotal, powerful job at the Treasury Department. When Mr. Muzinich came before the Finance Committee for his nomination hearing, it was a titanic battle just to try to get him to offer any kind of substantive answer on pretty much anything. One question he finally answered straight up was whether he agreed that the Trump tax handouts would ``pay for themselves and reduce our deficits.'' There he gave a one-word response, which was ``yes.'' Some call this trickle-down economics. Others call it voodoo economics. I call it, plain and simple, rainbow and unicorn math. No matter what you call it, it just isn't connected to reality.…
Source
govinfo.gov




