On the recordDecember 7, 2017
I thank Mr. Raskin for his continued leadership in our caucus. It is such a pleasure to serve next to him on the Judiciary Committee. We have a lot of work to do. It is really terrific to be able to do it with him, to talk about the tax plan. I don't think this is a tax plan. I think it is tax scam. I think it is a heist. I think that the middle class in this country is not going to benefit from this. Middle class Americans who are hoping for a tax break for the holidays are going to be sorely disappointed. Maybe they get a few lumps of coal. In fact, polling shows, across the country, that this is the singularly most unpopular bill that Congress has considered in a very long time. Seventy-five percent of Americans across this country don't think it is a good idea. They are not fooled by the promises that are being made about what this bill does. Let's really talk about what this bill does. We know that the wealthiest will benefit. The wealthiest 1 percent will receive 50 percent of the tax cuts. In 2019, 18 percent of the tax cuts in this bill will go to the wealthiest 1 percent. But by 2027, that number climbs to 62 percent, with an average tax cut of $33,000. What else do we know about this bill? We know that the largest corporations will benefit. To pay for this massive tax cut for corporations, the Senate tax bill will repeal the individual mandate part of the Affordable Care Act, something that Republicans have tried to do over and over again this year.…





