Washington, D.C. - October 4, 2017 (The Ponder News) -- On the Senate floor, U.S. Senator John Cornyn (R-TX) noted Democrats’ hypocrisy when discussing tax reform efforts, highlighting their previous support for elements in the Big Six framework which they are now criticizing. Excerpts of Sen. Cornyn’s remarks are below, and video of his remarks can be found here.
“You'd think, given their effusive support for tax reform in the past, our Democratic friends would at least wait to review the legislation before they pounce on it.”
“They are already piling on, and spreading misinformation, and assuming the worst because that's the easy and politically expedient thing to do.”
“What's most striking is that the new framework, unveiled by the so-called ‘Big Six,’ shares many of the core features of previous plans that were widely embraced by Democrats.”
“These changes to our tax code used to be noncontroversial, certainly not partisan. So the Big Six plan isn't just similar to the Wyden one, though. It also shares key features with the so-called ‘Simpson-Bowles’ plan from 2010 that not long ago was embraced by a number of Democrats.”
“Our Democratic colleagues used to think these reforms were long overdue, and they were right then, and they are wrong now.”
“Our colleagues from Ohio, Minnesota, and Missouri have all said in recent years that we should lower the corporate tax rate, not because we love corporations, but because we recognize that that provides incentives for them to stay here and invest in jobs and businesses in America, rather than overseas.”
“There is nothing partisan about wanting an updated and more competitive tax code.”
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