Pat Toomey

I would like to get back to the most successful economy we had in my lifetime, and it was very much partly a result of the tax reform we did.

In 2018, if you look at the share of who paid Federal income taxes for starters, the top 1 percent of income earners earned about 21 percent of all the income--21 percent. They paid 40 percent of all the taxes.

I have yet to hear someone tell me what is wrong with the direction we were heading in.

So we are being told that we do not have a progressive Tax Code when, in fact, we have the most progressive Tax Code.

To suggest that Republicans are unwilling to do anything is to simply choose to ignore the very recent history.

In the long run, those kinds of policies will reduce productivity, diminish economic growth, and that in turn means a lower standard of living for all Americans.

In response, Congress passed the CARES Act to provide temporary relief to help the country weather a temporary storm.

I am very concerned about the issuance of another $500, $600 billion of SDRs in the name of helping poor countries respond to COVID.

Now, if people get their way on this and we start to have a political allocation of capital, that will result in slower economic growth, fewer jobs, lower wages, and a diminished standard of living.

The climate models are not designed to do that.

Let us be clear what this is really all about. This is about undermining the independence of regulators so that they can be pressured to allocate credit as the political left would like it to be allocated.

There is no risk of climate within 4 or 5 years to different regions of the country.

There is no reason at all. Neither the Fed nor the SEC... have particular expertise in this area.

Radical policies to force banks to cutoff capital to these companies would not have a meaningful impact on the climate.

The major threat to energy-related assets is not financial risk caused by weather-related events.

Society's broad response to climate change is for others to decide, in particular elected leaders.

The real objective here seems to be to punish politically disfavored industries.

If there is strong data suggesting that there is a risk to profitability, then the SEC framework requires that those be disclosed.

Banks understand they are exposed to weather risks, and they provision for them.

We propose a detailed process for working with poor performers.

We were successful in pressing the Centers for Medicare and Medicaid Services (CMS) to publicize both participants and candidates affiliated with the Special Focus Facility (SFF) program.

Prior to the COVID-19 pandemic, I worked alongside my Pennsylvania colleague Senator Casey to address the quality of care for nursing homes residents.

The ALIGN Act from Sen. Pat Toomey (R-PA) and Rep. Jodey Arrington (R-TX) would accomplish just that.

Our legislation would also increase educational resources for underperforming facilities and create an independent advisory panel to inform CMS.

Specific to this issue, Senator Casey and I reintroduced the Nursing Home Reform Modernization Act (S. 782) on March 16, 2021.