[Congressional Record Volume 163, Number 173 (Thursday, October 26, 2017)]
[House]
[Page H8260]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
{time} 1200
LET'S WORK ON BIPARTISAN TAX REFORM
(Ms. KAPTUR asked and was given permission to address the House for 1
minute and to revise and extend her remarks.)
Ms. KAPTUR. Mr. Speaker, we cannot allow the Republican majority to
trade away creating jobs here in America for doling out massive tax
breaks to wealthy corporations that have no intention of investing here
in the United States of America. The Republican plan will actually fuel
more job outsourcing and move benefits to shareholders and overpaid
CEOs, not the workers of our country.
We can't allow Republicans to cut education, cut Medicare, cut Social
Security, cut Medicaid, which serve the elderly and the ill. Eighty
percent of the tax giveaways in their plan go to the top 1 percent.
Untargeted tax cuts don't create jobs. In fact, when Congress, during
the 1980s, passed a tax cut, companies couldn't outsource middle class
jobs fast enough. It was a bad deal then, and it is a bad deal now.
Our country can't afford to balloon the deficit by $1.5 trillion so
Wall Street can appease their shareholders a little more and stack the
decks against American workers. Tax reform should not result in the
outsourcing of our jobs. It should result in investing here in the
United States of America, and that begins with real tax reform, not
scam tax reform.
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