Madam President, two weeks ago, I urged my colleagues on the other side of the aisle to reject the partisan and fiscally irresponsible Republican tax proposal in the so-called Tax Cuts and Jobs Act. I asked them to remember that, when it comes to our responsibility to plan for the nation's long-term economic future, we are here to create opportunity and security for future generations--not to serve the short-term interests of partisan politics. Today, I regret to say that the process surrounding the Republican tax bill has only become more rushed, more partisan, more bitter, and less transparent. My Republican colleagues wrote this bill behind closed doors, held no serious hearings or debate, and even now are planning to make substantial changes to the final bill that we will vote on before we have even had the benefit of a comprehensive, nonpartisan score of its cost. We all know better than to believe that this irresponsible process will lead to a responsible or sustainable outcome. Therefore, because it is clear that this bill is an unprecedented giveaway to wealthy corporations and individuals at the expense of poor, sick, elderly, and middle-class Americans, and because it will drive our Nation trillions of dollars further into debt, I strongly urge my colleagues to reject this bill and to work with both sides of the aisle to craft tax reform that will help--rather than burden--future generations and the middle class.…
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