Shiloh National Military Park Boundary Adjustment And Parker'S Crossroads Battlefield Designation
Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I recall this very quaint time when some of us arrived in Congress when the legislative session would wind down. There would always be this stellar photograph of the…
Mr. Speaker, I yield myself such time as I may consume.
Mr. Speaker, I recall this very quaint time when some of us arrived in Congress when the legislative session would wind down. There would always be this stellar photograph of the Speaker of the House and the Republican leaders and the Democratic leaders and the Republican and Democratic leaders in the United States Senate, who would be photographed on the front page of most major dailies on the phone speaking to the President of the United States, regardless of what the President's political affiliation might be.
So here we are closing the second session of the 115th Congress when we had time to do this. Instead, this is the second iteration of an irresponsible manner in terms of process that was offered to the Democratic minority in this House.
On Monday night, we got notice of this without even seeing the substance of the proposal that was in front of us. This is not the way regular order functions nor, as I have just referenced, the way that legislative sessions are supposed to conclude.
My friend--and I mean that with all sincerity--the chairman of the committee, noted that the American people are waiting to hear from Congress. Well, let me tell you this about these tax bills. It didn't take the wealthy long to hear from Congress. They heard from them right away, and the offering that they had was more concentrated wealth and more tax relief for people at the very top in America--taking that top rate from 39.6 to 37 percent, a cut in the corporate rate to 21 percent, doubling the estate tax, and here we are again with another vehicle that is not paid for.
So where do we find revenue right now as a percent of gross domestic product? It is at 16.4 percent. And we are hearing, well, just maybe this tax bill might bring us to 17.5 percent, when the historic battle tha the two parties have had in this House has generally been about between 18 and 19 cents on the dollar.
So a year later, what do we have in front of us? The same procedure: closed doors, no hearings, not one witness. And if you pick up some gossip in the hallway about what this is to include, that is generally conceded now to be a point of achievement.
So a year later, we are rushing another package through to correct the errors that were delivered in the first bill.
And, by the way, these were not small errors. A couple of them were big enough to drive a Mack truck through.
Not one hearing, not one witness, not one piece of evidence documented to put in front of this committee.
So this is a last-ditch effort by our Republicans to revisit their tax law and ensure that it further benefits those who really are the strongest already in our society. They want to jam through some of these provisions to help corporations at the expense of shining some light on how we might have found a substantive opportunity to achieve a bipartisan outcome.
The American voters delivered a resounding rebuke last month, and our friends don't seem to understand what that message was about.
On election day, the tax bill polled that 49 percent were against and 41 percent were for. And if you think it was just a messaging problem, that would be a mistake. They should have joined with us to advance some very important matters that are in this legislation; and when we would have had an opportunity to fix these together through transparency, hearings, witnesses, I think we could have easily accomplished a different outcome.
I oppose this legislation because it is also not offset. For the third time this year, the party of fiscal rectitude that always lectures us when there is a Democratic President about balancing the budget went out and borrowed more than $2 trillion for the purpose of providing a tax cut to the people at the top--$2 trillion added to the budget deficits.
Can you imagine what the reaction would have been if Barack Obama or Bill Clinton did that? The outrage would have been empowering in this institution. We would have heard about it for years at a time. But, no, it is okay to do it and then call it juice to the economy.
Well, there are many items in here that we fully approve of, but we disagree with the approach that is being taken, and we disagree with many of the substantive matters that are being offered.
There is a national principle involved here, and that is, we come to the aid of all members of the American family when natural disasters settle in, not on a piecemeal basis. And we will, I assure you, try very earnestly and very quickly next year to address many of these same issues. And I guarantee you this, for all members of this committee, there will be hearings, and there will be witnesses, and it will be done in daylight to make sure that there is an opportunity for all to be heard, including our Republican friends.
To close on part of this measure as well, this bill significantly erodes the Johnson amendment by allowing certain tax exempt organizations to make political statements during the ordinary course of activities.
Mr. Speaker, I yield myself an additional 2 minutes.
So this would allow now priest, rabbi, imam, minister, to stand at the pulpit and offer an endorsement of a particular candidate for public office.
What happened to Jefferson's wall of separation?
What happened to the idea that, unlike Europe and places like that where they have had religious strife for centuries, that we were able to avoid that because of the wall that Mr. Jefferson very skillfully constructed?
This is a dangerous precedent that threatens to politicize charitable and philanthropic organizations.
Finally, the health provisions in this bill do nothing to increase accountability for the device industry, employers, or health insurers. If we are going to provide tax relief to corporations, we should have guarantees that the savings will be reinvested in innovation; put more dollars in workers' pockets, and lower insurance premiums.
Another issue that is not in dispute, Mr. Speaker, is the following: Overwhelmingly, that tax cut went to share buybacks with corporations and dividends. It did not come to the benefit of people who needed tax relief every single day.
There are a number of provisions here that we find very supportable, but the idea that we are doing this in the closing minutes of the 115th Congress, I think, is objectionable to our side.
The proposal before us is not paid for. It did not go through the regular order, and I urge our colleagues to oppose this legislation.
Mr. Speaker, I reserve the balance of my time.
Mr. Speaker, I yield 3 minutes to the gentleman from Michigan (Mr. Levin), the ranking member of the Health Subcommittee, who has served this institution with great distinction and dedication over many years.
(Mr. LEVIN asked and was given permission to revise and extend his remarks.)
Mr. Speaker, I yield 2 minutes to the gentleman from Texas (Mr. Doggett), the ranking member of the Tax Policy Subcommittee.
Mr. Speaker, I yield 2 minutes to the gentleman from California (Mr. Thompson), the very assertive spokesperson from Napa Valley and my friend.
Mr. Speaker, I yield 2 minutes to the gentleman from Oregon (Mr. Blumenauer).
Mr. Speaker, I yield an additional 1 minute to the gentleman from Oregon.
Mr. Speaker, I yield an additional 1 minute to the gentleman.
Mr. Speaker, I yield 3 minutes to the gentleman from New Jersey (Mr. Pascrell), the always erudite Mr. Pascrell.
Mr. Speaker, I yield an additional 1 minute to the gentleman from New Jersey.
Mr. Speaker, I yield 2 minutes to the gentlewoman from California (Ms. Judy Chu), well-known for her financial acumen.
Mr. Speaker, we don't object to the three brackets being lowered for the American people in the middle class. We object to the idea that there were no hearings on this and the top brackets were reduced, doubling the estate tax exemption, cutting the top rate from 39.6 percent to 37 percent. If you want to do that for people at the very end of the economic scale, we are in.
Mr. Speaker, I yield 1 minute to the gentlewoman from Texas (Ms. Jackson Lee).
Mr. Speaker, could we have clarification as to how much time is remaining on each side.
Mr. Speaker, I yield 1\1/2\ minutes to the gentlewoman from Florida (Ms. Wasserman Schultz).
Mr. Speaker, I yield myself such time as I may consume.
Mr. Speaker, so the holy grail of the tax cut was the constant reference to the stock market. That is what we have heard for the last year. I wonder about some of our Members, if they want to compare their 401(k) to what it was like in October of 2008. Or as we have witnessed that constant reference to the stock market, the stock market, the stock market, and a reminder that at the end of 2017, the stock market, or the Dow Jones Industrial Average went up to 24,719, and this afternoon, it is at 22,859.
Mr. Speaker, I call attention to that because of the chaotic nature in which this legislative body has functioned: no hearings, no witnesses, legislation crafted, we don't know where, brought to the floor, and then referenced as the achievement of a rising stock market.
So here we are again without one single hearing, rushing through another tax package that is not offset, and doubles down on the original law's skewed benefits for people at the top, again, without a markup or a single hearing.
A rushed process resulted in a failed product. And now, they want to duplicate that process with these changes proposed here today.
The bill includes a number of provisions that could have been reconciled very easily with our side enthusiastically, including the references that Mr. Kelly made to retirement benefits. We are all in.
But the hit on nonprofits--by the way, taking away benefits for parking for some of the nonprofits, is but another example of how this legislation actually lacked substance.
We can do much better. And I certainly want to encourage colleagues to oppose this legislation on process and policy, and just as I yield back, we on both sides here, are very fortunate to have exceptional tax advisers in terms of the staff members, and I want to thank Kara Getz for her work as the chief tax counsel as she moves to her new role in my office as well.
Mr. Speaker, I would like to be able to say Merry Christmas to all, but this tax bill does not help my enthusiasm. But I will still say Merry Christmas to all, and I yield back the balance of my time.
Mr. Speaker, on that I demand the yeas and nays.