On the recordNovember 28, 2017
I wish to go back to a point I made earlier when I was describing--both in terms of the substance of the bill and the process that has been undertaken to pass the bill--why, the week before Thanksgiving, I used the expression that the bill was, in fact, ``a thief in the night'' and what I meant by that. In the same bill, we have these inequities that I just described where the wealthiest are getting $34 billion in a tax cut--a giveaway, really, just in the first year, and then that continues--and 90 million Americans get less than half of that. That is, in my judgment, robbing those families of an opportunity to get a bigger tax cut and to have the wealthiest among us sacrifice a little bit for the middle class and for those trying to get to the middle class. It gets worse from there because, in addition to that, repealing of the individual mandate has a healthcare consequence. We know that the Congressional Budget Office told us that because of what would happen as a result of the repeal of the individual mandate, 4 million people would lose their healthcare in the first year and 13 million over the course of 10 years. So it is entirely possible--we don't know the exact number, but it is entirely possible--that lots of Americans would, in the same year or certainly over time, have two adverse consequences.…





