Mr. President, this is a historic day, as the Senate begins consideration of tax reform that will help boost America's economy, create more jobs, and leave more money in people's paychecks. The House and Senate passage last month of the fiscal year 2018 budget resolution marked an important first step toward tax relief for American families and job creators that will jump-start economic growth. The resolution gave the Senate Finance Committee the headroom to come up with comprehensive tax reform, and it instructed the Senate Energy and Natural Resources Committee to save $1 billion. Finance Committee Chairman Hatch and Energy and Natural Resources Committee Chairwoman Murkowski both deserve praise for developing legislative recommendations that fit with the budget resolution's reconciliation instructions, and I thank them for their efforts. Yesterday, the Senate Budget Committee took the next step by combining the legislative recommendations from the Finance and the Energy and Natural Resources Committees and reporting the combined bill to the full Senate for consideration. This put our Nation one step closer to real tax reform while advancing American energy security. It is past time for us to act. A lot of things have changed since the last major tax reform in 1986, and unfortunately our Tax Code hasn't kept pace with those changes. It is an outdated mess that is hurting American workers and holding back our economy.…
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