Cornyn, Schumer, Crapo, Brown- Correction

Motion to Proceed to the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155)

Senator Cornyn: (10:21 a.m)

  • Spoke on tax reform.
    • ""The New York Times" has reported that there is a wage of optimism surging among job creators, and let me just footnote that the "New York Times" was certainly a skeptic as to what the impact of the Tax Cuts and Jobs Act would be, but they now report a wave of optimism surging among job creators. Since January, 2017, 2.3 million jobs have been added in the United States, and unemployment is at a 17-year low. U.S weekly jobless claims are at their lowest since 1969. Many people who thought that stagnant growth and flat wages were the new normal have been surprised, and maybe a better word is gratified to see what the impact of this policy has been on their take-home pay, on their confidence in their future, on investments in new jobs."
  • Spoke on gun control.
    • "For many of the aftereffects of the shooting last Monday at Stoneman Douglas High School in Florida still resonate. I know that's true for all of us, and the pain and frustration aren't going away. I always worry, though, after one of these events occurs that given the relentless carpet bombing of news and other information this we all sustain here in Washington in the nation's capital that it's too easy to begin to lose sight of our objective to make things different and to improve outcomes when it comes to terrible events like this. And sometimes we get distracted and we move on to other topics."

 

Senator Schumer: (10:42 a.m)

  • Spoke on tax reform.
    • "Mr. President, when the Republican majority forced through a $1.5 trillion tax cut to big corporations and the richest Americans, a big question was what will those companies do with the money? Roughly $1 trillion of that $1.5 trillion was aimed at the biggest corporations. Republicans promised that corporations would reinvest the savings from the tax bill, stimulating jobs and economic growth. We Democrats warned that corporations would do what's best for themselves, not necessarily what's best for workers or the economy. There's often a dichotomy, as we've learned, over the years."
  • Spoke on net neutrality.
    • "Big companies could pay to get faster internet service while start-ups, small businesses, and average Americans are left in the slow lane. High demand websites that offer streaming television, sports and movies could be slower if you don't pay up. Public schools who don't pay for premium service could be put at a significant disadvantage. In rural America where there's less competition, I.S.P's will wield even greater power to raise the price on consumers without fear of losing business. An internet without net neutrality is a tale of two internets where the best internet goes to the highest bidder, those with the money, and everyone else loses. Democrats want to keep the internet free and open, like our highways."

 

Senator Crapo: (10:51 a.m)

  • Spoke on Dodd-Frank relief.
    • "Again, I encourage all of my colleagues to support bringing this bill forward to the floor for full debate and vote. First, let me thank each of the cosponsors of this bill, including the many members of the banking committee for their interest and involvement in the many discussions, hearings, and personal negotiations and conversation, we've had to get to this point. Originally introduced by ten Republicans and ten Democrat, this package of commonsense reforms now has 26 Senate cosponsors, including 16 members of the Banking Committee."

 

Senator Brown: (10:56 a.m)

  • Spoke on Dodd-Frank relief.
    • "There's a real effort on the part of a lot of us to come to terms - to come to agreement, particularly aimed at those banks, the community banks and the regional banks. My state, Senator Portman's and my state are the only ones in the country that have three regional banks, the banks that will be - that are 50, 100, $150 billion, Huntington, key corp. And fifth third. Unfortunately, this bill started off that way but it's gotten to be something else. The something else is that this bill seems to me and many of us more concerned with the largest banks in Wall Street than it does with community banks. And there are lots of things that can come out of this bill."