Mr. President, as the Senate wraps up its work this week, I have been in multiple discussions with my friend the majority leader about clearing nominations with bipartisan support, and we have made significant progress. Now that we have…
Mr. President, as the Senate wraps up its work this week, I have been in multiple discussions with my friend the majority leader about clearing nominations with bipartisan support, and we have made significant progress. Now that we have moved past the terrible process used on healthcare, I hope we can get back to our normal way of legislating and clearing noncontroversial nominees. The two are tied together. They can't avoid regular order when they want to and say that Democrats should use regular order whenever they want us to.
Now that healthcare is done, I think we can tie the two together--the normal way of legislating, clearing noncontroversial nominees as we move forward in September. Of course, controversial nominees will still require the proper vetting, but I am committed to help move noncontroversial, bipartisan nominees forward.
I hope the fever is breaking. There is a real desire in this body to move past the acrimony of the healthcare debate and get to a place where we can work together to advance legislation that helps the American people. I am hopeful that the discussions between the Republican leader and me will produce a package of nominees we can confirm today.
Tax Reform
Mr. President, the Republican leader has said that the next big issue this body will take up is taxes. Democrats were excluded from even participating in healthcare discussions from the very first day of Congress, a process that ultimately ended in failure. So we have made the first overture this time to show our Republican friends we are serious about a bipartisan process on tax reform. We sent them a letter outlining three very basic principles. This is a guideline for our Republican colleagues to come work with us. These are very simple principles that I think the vast majority of Americans would support. Let me say what they are.
First, the Republican leader has said that he would pursue reconciliation again, a process that purposefully excludes Democrats almost again on the first day we begin to talk about tax reform. The majority leader brought down the curtain on bipartisan tax reform before a discussion between our two parties could even begin. He says that Democrats don't want to have a bipartisan discussion. Of course we do. We have said this over and over again until we are blue in the face, but I guess the majority leader somehow didn't like the three principles we laid out, and I would like him to specifically answer what it was.
We know he probably agrees, so which of these three principles does the majority leader disagree with? Tell us. Which of the three? We know he probably agrees with the third. Surely he can't think that a blunt budget tool that excludes 48 Members of the Senate is a good way to write legislation. He has said so many times himself. I quoted him yesterday.
He warned the Senate about becoming ``an assembly line for one party's partisan legislative agenda.'' Those are Senator McConnell's words. The Senate should not become ``an assembly line for one party's partisan legislative agenda.'' That is what he did on healthcare. Is he doing it again on tax reform? I hope not.
Well, we know he probably agrees with the second principle: no increase to the debt and deficit. We know he agrees because he has said so before. The Republican leader and Members of his party have spent decades assailing the debt and deficit. As recently as May 16, the Republican leader told
Bloomberg TV that tax reform will have to be revenue-neutral, so that one doesn't seem to be it. Again, I would like to hear what he has to say explicitly so that we can work together.
It leaves us with the first principle: no tax cuts for the top 1 percent. Here again, I understand why the majority leader and my Republican friends don't want to come out and say that this is the reason they have decided to pursue a tax bill on their own, but it almost certainly is.
Tax cuts for the wealthy are extremely unpopular with the American people--and for good reason. The top 1 percent of this country takes 20 percent of our income, a great percentage of its wealth. The wealthy are doing well. God bless them. Their incomes are going up at a faster rate than those of anybody else, but when we are talking about our Tax Code and rewriting it, we shouldn't be focused on giving the 1 percent another tax break while millions of working families struggle to afford the cost of college, prescription drugs, food, and healthcare.
I am afraid the majority is in the same boat as they were with healthcare. They don't want to say that their real reason for changing healthcare is wanting to slash Medicaid. A good number of courageous Members on the other side said: We won't do that. But that was the core of the Senate bill. They knew it was unpopular with the American people, so they didn't talk about it. They entered into a process that hid it from the American people.
I think, unfortunately, history is repeating itself. They know how unpopular cutting taxes on the top 1 percent is, but for the special interest, Koch brother wing of their party, that is their No. 1 goal. All they talk about is cutting taxes on the wealthy. So they are stuck. When will my colleagues have the courage to break free from the Koch brothers and special interests?
Don't give breaks to the top 1 percent. Everyone knows they don't need it. It is an old, discredited idea that has lost its steam except among the hard-right, Koch brother wing of the Republican Party. Most Americans--Democrats, Republicans, and Independents--don't go for it. So break free.
If our Republican colleagues' whole basis for doing tax reform is cutting taxes on the top 1 percent, we are going to send that message from one end of America to the other, and their ideas will certainly fail, as they did with healthcare.
In a related point, I saw this morning that President Trump has been bragging about the success of the stock market, which, by the way, was already going up. It went up more points under President Obama than under President Trump. It started going up years ago. It is just continuing. Most economists would give President Obama at least as much credit as President Trump. But that is not the point I wish to make.
The stock market is mainly owned by the wealthy. As of 2013, the top 20 percent own 92 percent of all stock shares. So when the stock market is going up, it is helping the 1 percent.
Average Americans are not looking for stocks to go up, not looking for corporate profits to hit record levels, as much as they are looking at how are their paychecks, how are their expenses. That is why we have a better deal for them. We want paychecks for average Americans to go up. We want expenses for average Americans to go down. We want them to have better tools, so they and their kids can make a better living in the 21st century.
The focus of the stock market is on people at the highest end. Many will dispute whether President Trump deserves credit for it, but whether you think so or you don't--I don't, by and large--it is not what the American people are looking for, and it is not a basis for bragging about the economy.
Well, going back to taxes--the American people will rebel against a tax cut for the wealthy, so the Republicans clearly will not talk about it in their plan. They will give a crumb to the middle class and try to hide a massive giveaway to the already fortunate. I can see no other reason why they object to these three very reasonable, very popular principles other than that, and we hope they will not try to sneak it through in the same partisan process.
Immigration
Finally, Mr. President, a word on immigration: Yesterday, I heard the President railing against migrant workers and wrapping his arms around the Cotton-Perdue bill. The bill goes after hard-working people who want to play by the rules, contribute to our economy, and earn citizenship, while doing nothing to address the unscrupulous practices of employers who abuse our visa programs to outsource jobs and displace American workers.
Here is what I would like to focus on. The President has this nice announcement that he is cutting back on immigration, but a month ago he actually increased the number of H-2B visas--a program the President knows well. Why? A lot of those with H-2B visas work in hotels. I don't know how many, but I bet a good number are in Trump Hotels. So when the President actually looks at immigration in his own businesses, he says: We need more immigrants. When asked before, he has said: Well, we couldn't get American workers. But when he comes up with his big immigration plan--I think not appealing to the higher instincts of Americans--he says: Slash it. Those two are complete contradictions. To hold both of those views is to hold hypocritical views.
The President wants to talk about immigration because he thinks the politics are to his advantage, but, in truth, his immigration policy has a stunning hypocrisy at the core of it. The President criticizes and seeks to limit almost every immigration program except the one that benefits his own business.
I yield the floor.