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Protecting Family and Small Business Tax Cuts Act of 2018

Floor Speech

Date: Sept. 28, 2018
Location: Washington, DC
Issues: Business and Consumers Taxes

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Mr. THOMPSON of California. Mr. Speaker, I rise in opposition to this bill.

This bill represents a gross disregard for the responsibilities entrusted to us by our constituents. We are the stewards of Medicare, a critical support for nearly every American at some point in their lives. This bill will trigger hundreds of millions of dollars in across-the-board cuts to that important program.

We are responsible for the Federal Tax Code, a charge that requires us to consider tax proposals fully and fairly. Yet, we will vote on this unpaid-for tax bill developed behind closed doors without the benefit of a single hearing. Most important, we are the custodians of the Federal budget.

With passage of this bill, Republicans will have added more than $3 trillion to our national debt in less than a year. This is a handout for the rich at the expense of our children and our grandchildren. It is an excuse for the majority party to ransack Medicare and Social Security. It is dangerous, and it is reckless. We should vote ``no'' on this bill.

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