Mr. President, it is our responsibility to ensure that future generations will have greater opportunity and greater security than we inherited from our parents and our forebears. To accomplish this, we must put aside political expedience and take a sober look at the health of our national economy and our ability to keep our commitments at home and around the world. With this in mind, I rise to urge my colleagues to reject the partisan and fiscally irresponsible Republican tax proposals in the so-called Tax Cuts and Jobs Act. When we strip away the rosy, but false, economic projections and ideologically motived economic theories the Republicans have been using to hype this bill, it is clear this bill trades away our nation's long- term economic health and the well-being of working Americans, the poor, the sick, and the old in order to benefit the wealthy. Moreover, this bill will take us trillions of dollars deeper into debt at a time when the costs of 16 years of debt-financed wars continue to mount. Republicans owe it to our country and to future generations who will be stuck with the multi-trillion-dollar cost of this bill to go back to the drawing board and produce a balanced and permanent bipartisan path forward on our Nation's broken Tax Code.…
On the recordNovember 16, 2017
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