John Cornyn: “today I want to talk to you about time and how little of it we have to accomplish two incredibly important legislative…”

“today I want to talk to you about time and how little of it we have to accomplish two incredibly important legislative priorities, one that is national in scope and potentially historic in impact. The first of those priorities is tax reform. We have a target date on the calendar, and now the clock is ticking. We have to get to work. The budget resolution that we will consider this week sets November 13 as our deadline for the Finance Committee to report a bill, and of course the distinguished chairman of the Finance Committee, Senator Hatch, is on the floor, and that is a commitment I know he takes very seriously. This bill, I hope, will broadly cut taxes on individuals and businesses alike and put more money in the pockets of working families across the country. What I like most about the plan I have seen so far is that it is bold. We are not trimming a little here and a tiny bit there. We are slashing rates, consolidating brackets, and eliminating pet credits and deductions. This is not JV tax reform. This is tax reform that is serious and based upon our commitment to get the economy growing again. Two weeks ago, the House approved its version of the resolution, and the Senate Budget Committee reported out its version. Now the Senate will consider the committee's resolution in the coming days. Why do we need that budget resolution? How is this all going to work? Well, these resolutions from each Chamber are the first step in passing pro-growth tax reform.…”