On the recordNovember 9, 2017
I agree with the Senator from South Carolina. This is, indeed, a good day for the families who will benefit from this additional money in their paycheck, from the increased standard of living they will enjoy. For those of us who want to see businesses come back home from abroad, they fled this country because we have the highest corporate tax rate in the world. When we say we want to reform that broken corporate tax rate and to bring those businesses and that money home, we join our colleagues--ranging from the Democratic leader, Senator Schumer, to Barack Obama in 2011, in a joint session of the U.S. Congress--in advocating for bringing that business rate down so that businesses will stay in America. They will hire Americans, and they will improve wages for all working families. I am proud to join my fellow Finance Committee colleagues on the floor today to support our version of the Tax Cuts and Jobs Act, which was just released a few moments ago. I congratulate Chairman Hatch for his leadership, but I am extraordinarily impressed with all the members of the Finance Committee who worked so hard together to try to get us to where we are today. We plan for lower rates. As you heard, we increased the standard deduction, we expanded the child tax credit, and we reformed the Tax Code so that we can give Americans access to more jobs and higher wages. Our Democratic colleagues have said they want tax reform too.…
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