[Congressional Record Volume 163, Number 193 (Tuesday, November 28, 2017)]
[Senate]
[Pages S7350-S7351]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
Tax Reform
Mr. RUBIO. Mr. President, I know we are scheduled for a vote in a few
minutes. We will have plenty of time to talk about this in the days to
come.
I think one of the core things that I hope tax reform will be about
is empowering the American worker. By ``the American worker,'' I mean
the people whom they don't make Netflix series about and we don't see
movies about too often anymore. There was a time when the American
worker was a hero in our country. People looked up to the American
worker and idealized them. Today, obviously, entertainment focuses on
other professions. There is nothing wrong with that, but we have
forgotten about their hard work and the millions and millions of
Americans across this country who truly remain the backbone of our
economy and our Nation.
There are hard-working men and women who are struggling to get by,
not because they are not working hard but because everything costs
more--something you quickly find out as your family begins to grow.
That is why I have spent so much time talking about the child tax
credit. A lot of people confuse that with the childcare credit, which
is important as well.
The child tax credit takes into account the reality that raising
children is an expense. It is a blessing, but it costs money. At the
end of the day, it doesn't always matter only how much you make; it
also matters how much you spend. And when you are raising children and
raising a family, the costs are often out of your control, and they
increase substantially every single year. So perhaps the best way to
illustrate to my colleagues the impact that tax reform has on working
families is to talk about real people and their real lives--how much
money they make and what tax reform would mean for them.
I want to start with a real family, a particular family my staff has
been communicating with; that is, the Starling family, Richard and
Emily, a very young family from Jacksonville, FL. They have a 2-year-
old daughter, and they are expecting their second child in March.
Richard is a pastor, and he works part time at Starbucks. He makes
about $25,000 a year. His wife Emily stays home and cares for their
daughter while he is at work.
Because of their income, the Senate tax bill's nonrefundable child
tax credit increase would actually be worth very little to them. A lot
of people have said to me: Well, we have increased it to $2,000. Isn't
that great? It is. But what it means that people don't understand is,
if the majority--if all the taxes you pay are payroll taxes, it doesn't
help a lot.
I, frankly, get offended when I hear people say: These are Americans
who don't pay taxes. They do pay taxes--not income tax, but they pay
payroll taxes. They take it out of your check every month. Trust me, it
is a tax. It is less money than what was supposed to be there after the
tax.
So the tax credit, while we increased it to $2,000--and that is great
for a lot of people--it does nothing for them. The total effect is only
about $115 for the family. That is how much they will be saving in
their taxes from the current year--$115.
But here is where it gets worse. The Senate bill--which I am largely
supportive of, but I just want to tell my colleagues what the numbers
are so we can see where the changes need to be--the Senate bill would
actually increase taxes in March when they have a child. You say: How
can that be? Well, for some families in their income range, the
nonrefundable increase for the child tax credit is less valuable than
the current lost personal exemption. So we take away the personal
exemption and we put in this additional child tax credit, but it is
nonrefundable. They can't get to that tax credit because they are not
paying income taxes, and the result is that if they make $26,000
instead of $25,000, the Senate bill would actually take away $15 from
their per-child tax cut.
So these families work hard and pay their taxes, they raise children,
they are contributing an extraordinary amount to our country, and they
need our help more than ever before.
There are a couple other examples, and I will go to the first chart.
Let's take for example a tire changer and a preschool teacher with two
children in Gainesville, FL--the home of the university in Florida, the
finest learning institution in the Southeast--an editorial thing, but
it is a matter of fact. But I digress. Let me get back to chart No. 1
and talk about this family.
The husband, as I said, works at a local auto shop as a tire changer.
His wife is a preschool teacher. According to the Bureau of Labor
Statistics, with these two jobs, their combined income would be
$28,300. Because the increase to the child tax credit is
nonrefundable--the extra money we put in--this family wouldn't nearly
have enough income tax liability to take advantage of the full credit.
So the bill as it is currently written gives them a tax cut of $200--
about $50 per person.
But what if we did what Senator Lee and I are proposing, which is to
make the child tax credit fully refundable, even against payroll tax.
Well, then their tax cut would not be $200, it would be $1,570. Trust
me when I tell you that for a family making $28,000 a year, a $1,500
pay increase in real cash matters. It matters. It doesn't solve all of
their problems, but it helps.
Here is another one. Take this example. The husband is a private in
the Army National Guard, and his wife is a waitress at a local
restaurant. They have three children. He is on Active Duty at Camp
Blanding in Starke, FL. She works full time. They have a combined
income of $33,832, according to the National Guard base pay.
Because the increase, again, is nonrefundable in the child tax
credit, they don't have enough income to take full advantage of the tax
credit. The bill as currently written cuts their taxes by $388. The
proposal that Senator Lee and I have outlined would cut their taxes by
$2,100. So a $2,100 pay increase for this working family in cash will
matter. It will matter. It doesn't solve all of their problems but,
trust me, $2,100 for this family, more than what they have today, will
help them a lot, and it rewards the work they are doing.
What about a single mother. Let's say she is a childcare worker. She
has one child and is living in Miami, FL, where I live. She works full
time. According to the Bureau of Labor Statistics, the median wage for
that job is $14,800 a year. She gets a tax cut under the current bill
of about $100. If we do what Senator Lee and I are talking about doing,
she will get a $1,000 tax cut. I am not telling you that $1,000 solves
all of her problems, but a $1,000 pay increase for a single mother
making $14,800 a year will matter.
How about a loading dock worker and a cashier in Northwest Florida
after having two kids. Here is what we point to: a glaring blind spot
in the way this is structured. Again, for many working families,
because the child tax credit is nonrefundable, it will actually be less
valuable to parents than the dependent exemption and the existing child
credits are under current law today. I think
[[Page S7351]]
this is the opposite of pro-family policy.
Let's look at this example. He works as a freight mover at a lumber
warehouse, and she works as a cashier. They both work and live full
time in Live Oak, FL. Their average combined income is about $28,650.
Under the current Tax Code, the way the law is today, if they have two
kids, their tax cut would be $2,776. That is what they would save.
Under the current bill, their tax cut would be $2,656. So, in essence,
under the way the bill is structured now, they would be getting $120
less--or keeping $120 less--than what they would under the law today,
for a family making $28,000 a year.
We can fix it, because under the proposal Senator Lee and I will
have, they are going to see a tax cut of $4,000 for having that
additional child. That is $1,200 greater than the current law. That is
a raise of $1,300 more than would happen under the bill as it is
currently structured.
I don't think this is an intended consequence. But this is a working
family. They work. They pay payroll tax. They make $28,000, $29,000 a
year. Trust me when I tell you this money will matter. It won't solve
all of their problems, but it will help. It is a pay raise.
Last but not least, I live in West Miami, FL. I have lived there
since 1985. It is a working-class neighborhood. According to the
census, the average family income in West Miami, where I live, is
$38,000--let's say $39,000. That doesn't mean that West Miami is poor.
I know the people there. They work hard. They pay their taxes. They
raise their children well. They go to work 5 days a week for 8 or 9
hours a day, sometimes on the weekends. But because it is a working-
class town, the nonrefundable increase we put in for the child tax
credit doesn't do much.
As an example, based on the census data for West Miami, for that ZIP
Code that I live in, more than 2,500 children in this ZIP Code--meaning
more than half of the total number of children living in that area--
would be receiving less than the full credit than they would otherwise
be eligible for. Why? Because for their parents, their primary tax
liability is the payroll tax. And you cannot help working families with
a tax cut if you do not allow the cut to apply to the payroll tax. It
is as simple as that.
We have to do that. If we want to help people in this country, if we
really want to help them have a little bit more in their pocket, then
let's implement the proposal that Senator Lee and I have put forward.
By the way, I hear these economists and other people say: Well, it
won't do anything for growth.
You really don't understand how working Americans live. Someone who
makes $38,000 a year or $35,000 a year basically spends every penny
they make. They have to. If you make $38,000 a year, with two kids, you
are spending every penny you make and then probably having to put the
extra on your credit card, unfortunately. This proposal will drive
consumer spending. It will allow them to pay for some things they can't
buy now. These kids outgrow their shoes so fast. The bookbags don't
make it through a year. There are so many things we could be helping
families with, and our tax reforms should do that.
Everybody in this town has a trade association, has a lobbyist, has
newspapers that write about them. Who writes about them? Who writes
about these working Americans--working Americans, not people asking for
anything from the government. They go to work. They work hard. They
work every day. Who fights for them? Who talks about them? Who
represents them? That is supposed to be us.
If we are serious about representing them, then let's prove it. Let's
amend this bill and change it so we can give working Americans the
raise they deserve, and that they need, to strengthen our country and
strengthen our families.
I yield the floor.
The PRESIDING OFFICER. The question is, Will the Senate advise and
consent to the Katsas nomination?
Mr. RUBIO. Mr. President, I ask for the yeas and nays.
The PRESIDING OFFICER. Is there a sufficient second?
There appears to be a sufficient second.
The clerk will call the roll.
The assistant bill clerk called the roll.
Mr. CORNYN. The following Senators are necessarily absent: the
Senator from Tennessee (Mr. Corker) and the Senator from Arizona (Mr.
McCain).
The result was announced--yeas 50, nays 48, as follows:
[Rollcall Vote No. 283 Ex.]
YEAS--50
Alexander
Barrasso
Blunt
Boozman
Burr
Capito
Cassidy
Cochran
Collins
Cornyn
Cotton
Crapo
Cruz
Daines
Enzi
Ernst
Fischer
Flake
Gardner
Graham
Grassley
Hatch
Heller
Hoeven
Inhofe
Isakson
Johnson
Lankford
Lee
Manchin
McConnell
Moran
Murkowski
Paul
Perdue
Portman
Risch
Roberts
Rounds
Rubio
Sasse
Scott
Shelby
Strange
Sullivan
Thune
Tillis
Toomey
Wicker
Young
NAYS--48
Baldwin
Bennet
Blumenthal
Booker
Brown
Cantwell
Cardin
Carper
Casey
Coons
Cortez Masto
Donnelly
Duckworth
Durbin
Feinstein
Franken
Gillibrand
Harris
Hassan
Heinrich
Heitkamp
Hirono
Kaine
Kennedy
King
Klobuchar
Leahy
Markey
McCaskill
Menendez
Merkley
Murphy
Murray
Nelson
Peters
Reed
Sanders
Schatz
Schumer
Shaheen
Stabenow
Tester
Udall
Van Hollen
Warner
Warren
Whitehouse
Wyden
NOT VOTING--2
Corker
McCain
The nomination was confirmed.
The PRESIDING OFFICER (Mr. Rubio). The majority leader.
Mr. McCONNELL. Mr. President, I ask unanimous consent that with
respect to the Katsas nomination, the motion to reconsider be
considered made and laid upon the table, the President be immediately
notified of the Senate's action, and the Senate then resume legislative
session.
The PRESIDING OFFICER. Without objection, it is so ordered.
____________________