On the recordNovember 14, 2017
Mr. Speaker, after a treacherous extended game of hide- and-seek, Republicans this week are rushing through this House a wretched tax bill. The future of this sneak attack on America depends upon how quickly the truth can catch up with so many lies. This bill is just a way to curry favor with Washington's special interests, awarding tax windfalls to large multinational corporations and the fortunate few who sit way up atop the economic ladder. ``Don't worry,'' Republicans say. ``What middle class people lose to pay for this unbalanced tax cut, will eventually trickle down. With a little fairy dust magically, it will appear in your pocket, and you will get more than ever.'' This is a massive corporate tax break where the tail is wagging the dog of a corporate tax break. The Republican gimmick that Americans are being asked to swallow is the same experience we have had previously. The middle class will not enjoy the benefits of this bill. Both history and arithmetic tell us that. First, they are borrowing this money--much of it--to finance this tax break from the Chinese and the Saudis, and others whom we have looked to to pay for our immense national debt in the past. Second, we know from experience that tax breaks like this do not create lasting jobs. But it is even worse than all of that because Republicans are creating a special new loophole for outsourcing so many more American jobs.…





