On the recordAugust 10, 2021
Mr. President, colleagues, our tax bill will be progressive, even though my friend from Iowa told you just the opposite. Now, the 2017 Trump tax laws specifically targeted families in the middle with tax hikes to pay for some of the handouts that Republican colleagues wanted to give corporations and the megawealthy. Over here, on our side, we want to fix that mistake, but my friend from Iowa is offering an amendment to lock in those tax hikes on families in the middle. Democrats are proposing very substantial tax cuts for working-class folks, for the middle class, and what we are going to be doing in our tax bill is working to make the Tax Code more progressive by ensuring that the megawealthy pay their fair share. I mean, we have all seen--and this has been documented for quite some time--and my colleague from Iowa knows that we have exposed these mega- IRAs that billionaires have. So I just hope my colleagues will reject the Grassley amendment, and when we do, I will offer what is truly a progressive alternative.
Source
govinfo.gov




