Never worked anywhere in the world, and its not going to work here. Their answer to everything is big government. Well, there are two different points of view here, and i have to tell you i used to be on their side when i was a young fellow, when i was raised in poverty and came up the hard way and learned a trade and became a journeyman metal lather, which was one of the most Skilled Trades at the time. I have to say that these haunting refrains were used by democrats back then too, but look at this country and the mess its in, and its in a mess because of their philosophy. Weve got to change it. I admit with him that the Business Committee isnt always right and they are not always the best to spend our money, but the best to spend our money, but. The senate will soon vote on legislation on the broken tax code. And to provide significantie relief for tens of millions of middleclass families. And as we move to consider this legislation we will take another step that is a bipartisan goal. I will take all of those with the finance committee to work tirelessly also of the distinguished majority leader who is working leadership on this asse well. Were not there with additional steps to take. I dont want to the cart in front of the force but if we can get a positive outcome. And to provide tax relief to the middleclass to the economy. And a lower tax rates across the board also with the tax bracket to double the standard deduction doubling the Child Tax Credit and increasing the probability all of which combined eliminate income Tax Liability for families that significantly cut taxes for middleclass taxpayers. A family o of four have been, of 73,000 per,0 year will see that taxes go down by more than 2,000 per year. Mo over all this represents a 60 reduction with the tax family liability. One child making 44,000 has aty bill or pay about one quarter of f the federal income tax he she may have today. The difference of almost 1,400 and that is real money for those of have to make car payments are paid their rent or wrote creditcard balances and in addition into reducing the tax burden the changes will make filing taxes much simpler for much of those taxpayers. More than nine out of 10 American Families if we bring it together the complicated process to itemize deductions. This is from middleclass taxpayers it may hurt the Legal Profession repeals one of the most regressive taxes in American History the obamacare individual mandate tax which overwhelmingly burdens of lowincome families and 80 percent of the families that pay that tax make less than 50,000 per year. But this repeal is the source of much consternation from the other side of the aisle. Xe but for most businesses for those on the individual reform or pass through with a significant relief of a simple tax reduction to a qualified business income. To reduce the overall tax burden for those passed through businesses that are the i primary engine of job creation. In addition it helps main streetan businesses by expanding the availability and all told this means more expansion and more investment and more jobs for u. S. Workers employed by Small Businesses. Make no mistake it is. Small business which the National Federation of independent businesses the largest smallbusiness association in the country is a disaster the expressing his support for legislation they are not stupid. Brilliant people en is treated by our tax writers over the years and looking forward to this legislation. It should go without saying the United States economy has the highest Corporate Taxia rate in the industrialized world. As a result pc our country more overseas while others are getting purchased by Foreign Companies some of them are just giving up. This is a good for American Workers. That is not good for america. Former president has spoken in favor of lowering the Corporate Tax rate to be more globally competitive. That sentiment has been shared by countless democrats in this chamber including the current Ranking Member of the Senate Minority leader. With this bill we take care and vice by lowering the Corporate Tax rate shipping to a more territorial system with another idea explicitly endorsed in a Bipartisan Working Group report and the senator schumer who just spoke. Of the deemed repatriation. Another idea is supported and to have base erosion that goal that is clearly a bipartisan with the recent waves of corporate diversion but theres quite a bit for both republicans and democrats to support for of course, anyone who gets their information solely from the other side i suspect we will hear misleadingng claims about the bill m. A process that led us here. For example, this bill is just day giveaway. It is a gift to the socalled rich. Give me a break. With that argument that they make all the time. They treat the middle class so badly it is unbelievable they will make this claim even though they have the same data us from the joint committee on taxation the shows pretty clearly that middleclass taxpayers will receive the largest tax cuts under the bill and the existing tax burden has shifted downward from those at the top. In fact, those of the highest bracket the joint committee on taxation said to pay a higher overall percentage of the tax burden than they do now. So to appeal to the individual mandate tax it will take Peoples Health insurance away raising taxes and the port. That claim will be made despite confirmation from the score keepers that it limits anybodys access to Health Insurance. The approach that they are taking puts us in socialized medical situation overnight. If anybody thinks that is a great idea . Look at the socialized medicine countries but instead they project that with no individual mandate they choose to not get Health Insurance even if they still have access to premium subsidies and employer provided plants are free coverage through medicare because it provides trice. Doesnt take away anything from the individuals. We can quibble over that to tell the of tens of thousands that currently half of theur insurance given that they have essentiallygh failed t to draw up the Health Care Market to keep premiums from skyrocketing in is whether the scorekeepers are right. No one will lose their Health Insurance premiums when repeal the. Going uninsured voluntarily were not kicking anyone off the we are taking that penalty that is a blatant distortion of n reality of a rise. Some taxes will go up with a mandate is the road out amities distribution tables and shows the of taken taxes due to the premium tax credits under the under obamacare. Talking about the selling as well however i would like to have someone explain how a voluntary decision to forgo a tax subsidy amounts to a tax hike. But so far i have not heard a serious attempt at such explanation. In fact, with the reasonf markup of j. C. Peas said a at the table to tell my colleagues dime in additional taxes as a result, none of my colleagues came to this conclusion. Instead they opted to read nor even after shown the table shows that if the behavioral effects of the mandate repealed and t remove remove, every income group will see taxes go down under this bill. The hope our colleagues and those watching will evaluate madam president , under the circumstances members of both parties that are removed from consideration. We have significant support from our businessit community with companies from almost every sector publicly in support of the reforms of this bill. I know some of my republican colleagues had concerns im committed to work with them to see if improvements can be made and then we may have to make a few more changes also the constituents that they represent. As with any of any significance. I have been around long enough to know to demand perfection with legislation and will be waiting a long time. Before i close madam president how once in a generational opportunity, we need to get this done. The cost of failure continuing with the status quo is just too high. The American People deserve a tax system of provide greater opportunity, a strong free economy, better jobs. A tax cut to work with, we will accomplish these goals and taken in step and i yield the floor. The senator from rhode island. Two weeks ago i urge share rose to urge my colleagues to vote and this week in response to the socalled tax i cuts and job back to. When it comes to our responsibility for longterm Economic Future we are here to cooperate and to secure opportunity not to serve the shortterm interest. In with that process it has only become more partisan and bitter and less transparent. Republican colleagues wrote this bill behind closed doors and even now planning to make substantial changes and then to have that benefit of a number scorer. And for the of sustainable outcome. And as an unprecedented giveaway to the wealthy corporations and individuals and because and drives out trillions of dollars via urge my colleagues to reject the bill to craft tax reform with future generations and the of middleclass. The only bill it appears to take into account is the wealthiest and just even those that would be assembled and with adnan Credit Tax Policy Center but twothirds making between 54,000 and 93,000 woodsy taxes go up under the current republican bill. That is half of all households in it would see them go what. With the Job Opportunities and then to help them stay afloat. Many were persuaded by the long recovery of the Great Recession who opened the paycheck to see more taken out every month. 5,000 americanol families the republican plan that deals like on itsfu own and with the wealthiest americans to a epitomizes how this and the 1 trillion will certainly to learn the benefits like socialas security and medicare as well as national defense. In this is why and then to pay for military conflict driving the d nation deeply into debt. With the civil war the spanishamerican war and the United States use those to offset the cost of four. To me it as a means of the federal budget something that b. C. Today on a more intense scale and the estate taxes support the effort from World War Two. At was responsible to pay at home and abroad they did not leave the years of war on americas line of credit to expect that for working class there was time. No american generous and, after other then the tax cuts for the wealthy they never pay for themselves. Below via the wealthiest americans a pass we need an idea of how we will handle trillions of dollars of compound in war dead not to mention trillions more to maintain and modernize the of military could those have gone underfunded for so long. This would send it back to the finance committee in place all the revenue generated into a trustd fund those that amount to hundreds of millions of dollars are devoted even need to maintain their readiness and correcting the epidemic here at home so with such to combat deficits in times of war room make the much needed down payment on our agenda. But that is just one of those positions. It satisfies the Health Care System by appealing the individual mandate that could bring them of their Health Insurance to increase premiums for millions of others by yet again the 130 million americans they must fear their premium will skyrocket. And maybe even fewer options. The massive deficit and will produce. I have served this body long enough to know the truckled down economics does not work in those that say in no Uncertain Terms that this bill will not create a net enough growth pfizer in cocacolas says theyll use the gains to pay shareholders rather than ways raise wages for the middle class were making decisions that we simply cannot roll the dice and hope fory the best. Madam president id like my hope we hope we will see their ways that is bipartisan keeping with our responsibility to lead this nation better than where we found it. The Economic Security as seniors were willing to work in good faith with tax reform but we cannot begin that work until we have of the partisanship that led to this republican tax code. Were all here in committed but this bill bill will make it virtually impossible to do what we know we must do. There is an honorable course in National Security we are committed frankly to increase the size of military forces read the 1. 8 billion dollars per year. Where do we get that money . With 1. 5 trillion in debt to provide tax cuts to the wealthiest american. There is some estimates at least with 1 trillion per year. What will we get back with 1. 5 trillion . In the landbased missiles and aircraft for. In then also giving the of money to the wealthiest americans. So over a 10 year period that needs to be paid. To free stay there for 10 years. And with afghan operation. And under current procedures the based on time but conditions with 640 billion but is not the cost that we can ignore. If we do that this congress. And they dont have an expected 5 trillion surplus. With a multi trillion dollar deficit and adding to that deficit. So essentially to say i wrote talk a good story but when it comes down to thehe money in a bogota to the wealthiestlt americans. This is just irresponsible. And as aie result i hope we could regain our senses, a sitdown and deal on a bipartisan basis to help all of us are even begin after six years supranational Many International defense for future generations. This bill not only is not economically wise to not generate growth but to put this in a position with the next several years because the deficit is growing so large. I yield the floor. Madam president the American People have gone wild service of the past 10 men months. That was for to increase but then he tried to convince hardworking families the g. O. P. Tax plan is anything but a high price to give away to millionaires the high price to give away paid for by the of middleclass and those that support it i am glad the space sliding of with constituents demanding a anyone could possibly in because they see that expert after expert has confirmed to have millions of Everyday Americans who are already falling behind in the economy falling further and further in favor of the wealthiest few. They know the republican tax plan takes money and of their pockets they know it gets their health care by fighting premiums leaving millions of americans without the coverage theyhe need and it papers of a problem instead giving corporations a massive giveaway leaving families to care for loved ones in a lurch. Trillions of dollars of National Debt setting up an for republicans to come after medicare and medicaid and Social Security and other middleclass priorities when the bill comes due. So thispt is a backdoor attempt to open in the Arctic National wildlife refuge to drill for oil republicans even try to pay for tax cuts for those at the top in day a when the fights premiums and causes 13 Million People to lose coverage can create more chaos. It is a bipartisan bill i know that the german can fix this to help the states cover the cost but let me make clear that is wrong. It is the classic example fitting the square peg into the round hole and cool comfort to people across the country who have struggled even more to get the care they need while epicene time watching asset corporations give more tax breaks that they dont needf for madam president if anybody is under any illusion of the of middleclass or fiscal responsibility irregular order, thats in here and now it is shameful and wrong by have to say it is not too late. Lets move right now to what the constituents want and expect and return to a process for values and priorities and talk about ways to a halt workers to grow the economy like accessing highquality child care with prek and working families providing meaningful the for every american making college more affordable investing and retirementes security and supporting veterans to make health care Higher Quality and more accessible those of the conversations we should be having an end investing in and every day until you give up this tax plan. I yield the floor. Madam president president , President Trump then the Republican Leadership is on television every day telling the American People how this tax bill will help the middle class. How it was written for the middleclass. Unfortunately i will not suggest what he says is not truthful. This legislation according to independent studies will provide a 60 of the benefits to the top 1 so were living in a history with mass levels of the quality with the top onetenth of 1 with almost as much wealth as the bottom 90 . With the three wealthiest people with half of the American Population vmi republican colleagues believe that this is a moment where 60 percent of the benefits of the socalled tax reform bill go to the 1 . Meanwhile, millions of middleclass families will end up paying more in taxes. So the wealthy to need the tax breaks the least will benefit the most and many struggling families will end up with more taxes is at the end of 10 years. Madam president , the president of the United States and my republican colleagues told the American