Political Quotes

“I brought with me to the floor a copy of the just-released analysis by the Joint Committee on Taxation. These folks are the independent tax referees for the Congress. I pushed very hard for several weeks in order to get this dynamic score for the Republican tax bill because, as the ranking Democrat on the Finance Committee, I have heard my colleague say week after week that all we need to do is to get the dynamic score, and people will see the value of our bill. So we got the score. The score ends the fantasy about magical growth, about unicorns and growth fairies, suddenly showing that tax cuts pay for themselves. In fact, this report showed that this bill would lose more than $1 trillion even with the dynamic score. It slows the growth of the American economy after 2025. It is the total opposite of what was promised. Even with the dynamic score, what we are seeing is that the sponsors of this bill are spending $1 trillion and not helping those who need the help. The numbers are now in. This is the hard evidence that this bill basically isn't much more than a holiday bonanza for multinational corporations and powerful interests. I have heard a number of my colleagues on the other side of the aisle already criticizing the analysis by the Joint Committee on Taxation. I am sure they are unhappy because this certainly unravels all of their projections, and they continue, despite the fact that the hard evidence is in.…”