Mr. President, the first step to achieving our goal of overhauling our antiquated and uncompetitive Tax Code is passing a fiscal year 2018 budget resolution, and we have made the first step in that journey earlier today. No one should be confused about this. A vote for the budget is a vote for tax reform. In converse, a vote against the budget is a vote against tax reform. I don't know anybody in America who thinks that our Tax Code is a paragon of simplicity, efficiency, and virtue. To the contrary, I think most Americans realize that our Tax Code is simply too complex and that our Tax Code punishes taxpayers here at home by keeping overseas money earned overseas, rather than being brought back home and being invested in jobs and wages in America. The budget resolution will steer our Nation into a safer and sounder fiscal course through a combination of restraining spending, reducing tax burdens, and strengthening our economy. Strengthening our economy really needs to be the focus, like a laser, that we have on what we are all about here--trying to get the economy to grow again faster. We know that since the great recession of 2008, our economy has experienced anemic economic growth. Last quarter we saw that our economy, instead of growing at the annual rate of about 1.8 percent, grew at 3.1 percent. Why is that important? Well, when the economy grows faster, that means that people are finding more work to do and they are paying their taxes to the Treasury.…
Share & report
More from John Cornyn
Mr. President, I ask unanimous consent that the following Members be permitted to speak prior to the lunch recess: Myself, for up to 15 minutes; Senator Murray, up to 10 minutes; Senator Cantwell, up to 5 minutes; and Senator Britt, for up…
Mr. President, if there is no further business to come before the Senate, I ask that it stand adjourned under the provisions of S. Res. 148. There being no objection, under the previous order and pursuant to the provisions of S. Res. 148…
Mr. President, I have six requests for committees to meet during today's session of the Senate. They have the approval of the Majority and Minority Leaders. Pursuant to rule XXVI, paragraph 5(a), of the Standing Rules of the Senate, the…





