[Congressional Record Volume 163, Number 186 (Tuesday, November 14, 2017)]
[House]
[Page H9240]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
NOT A TAX BILL FOR OUR TIME
(Ms. JACKSON LEE asked and was given permission to address the House
for 1 minute.)
Ms. JACKSON LEE. Mr. Speaker, this tax bill is not about the future.
It is about our past. Millions of Americans, middle class families,
will have increased taxes under this tax scam.
In fact, in the State of Texas, 230,000-plus Texans will pay an
average of over $6,000 more in taxes. That is a tax scam.
In addition, Mr. Speaker, this is not a futuristic tax bill. This is
not a tax bill for our times. This is a tax bill that implodes higher
education. For instance, it does not allow the deduction of student
loans or interest payments on those loans or tuition or expenses,
eliminating the opportunity for educational growth.
It eliminates the tax credit for research and innovation; again,
stymieing the growth of the United States as it relates to research and
innovation. Then to the large universities, the endowments that are
used to help our students to build complexes to educate the best and
the brightest are eliminated.
This is a tax scam. It is a tax scam on higher education. It is a tax
scam on hardworking middle class Americans. It deserves a resounding
``no'' vote because we don't want to go back. We want to go toward the
future.
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