Mr. President, I guess I have to give my friend, the Senator from New York, credit. Once he made his bed, he decided he had better lie in it. Democrats made a risky gamble when they bet against the American people in the Tax Cuts and Jobs Act that we passed in December. No Democrat supported it--none--and now I think they are beginning to worry that it is actually working. Otherwise, I don't understand why the Democratic leader, the minority leader of the U.S. Senate, would say: We need to raise your taxes because we can spend your money better than you can. I guess he means that we also need to eliminate the doubling of the standard deduction, which makes sure that the first $24,000 earned by a married couple is tax-free--zero tax rate. I guess he thinks we ought to repeal the doubling of the child tax credit. As much as he rails about corporations, the fact is, what we did on the business side with taxes has made the United States more competitive globally. It is the same argument that he, President Obama in a State of the Union speech, and the ranking member of the Senate Finance Committee, Senator Wyden--it is the same argument they made that we embraced. We got a little more aggressive than they did in terms of the rate. We lowered it, not to 25 percent, as Senator Wyden had proposed, but to 21 percent; thus, we made ourselves roughly average in the industrialized world, making America more competitive.…
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