On the recordMay 12, 2021
I am not sure--the Senator from Indiana suggested a moment ago that the President was not interested in raising taxes, and, of course, he has a very specific proposal to raise taxes. And I would suggest to my colleague from Indiana that if we want to talk about the burden on our kids and on our grandchildren as a result of the national debt, maybe we should also be discussing the fact that, under the last administration, a massive tax break was given to the very wealthiest people in this country and the largest corporations. We were told that that tax plan would pay for itself, but, in fact, it will result in almost $2 trillion in additional national debt, and virtually all of those benefits went to the people on top. So all that I am saying is, we can argue taxation; we can argue economic policy; we can argue why we are the only major country on Earth not to guarantee healthcare to all people; we can argue why we are paying, by far, the highest prices in the world for prescription drugs; we can argue why we have a political system that allows billionaires to buy elections--a lot of things that we could be talking about, but I am not sure that it is in the best interest of the Senate to be condemning a particular economic idea that some economists have brought up.





