News Releases

"Thank you Chairmen Brady and Hatch, Ranking Members Neal and Wyden, and all of my colleagues on this conference committee.

"Honestly, I’m not even sure why we are here today.

"This has been a sham partisan process—a brazen partisan attempt to jam through legislation that would devastate our economy with as little scrutiny or debate as possible—and this dog-and-pony show of regular order today isn’t fooling anyone. 

"Because let’s be very clear about what this tax plan would do—it’s pretty simple.

"The Republican tax plan would be a massive giveaway to the wealthiest Americans and biggest corporations.

"It would raise taxes on the middle class.

"It would increase health premiums for millions of patients.

"It would open up the pristine Arctic Refuge to drilling.

"It would blast a massive hole in our deficit—and put Medicare, Medicaid, and Social Security in grave danger.

"And that’s just the start to the list of damages this horrific plan would do to families and the economy—I could go on and on. 

"But I want to spend just a minute focusing on one aspect of this Republican tax plan—the truly devastating health care change that would raise families’ premiums, cause millions of people to lose coverage, and create even more chaos and instability in health care markets. 

"Now, people have rejected every single Republican attempt to undermine their health care this year. So it’s worth asking—why are Republicans doing this again?

"The answer is simple: Republicans wanted to spend the savings from taking away millions of people’s health care on tax cuts for those at the top.

"Here is what will happen if this is jammed through, according to the nonpartisan Congressional Budget Office: Premiums will be ten percent higher each year, thirteen million people will lose coverage, and markets will get even more unstable—which experts have said could cause some communities to lose coverage options.

"And I want to be very clear: none of the bipartisan legislation being discussed would fix that.

"The health care stabilization bill I worked on with Chairman Alexander and Senator Collins’ reinsurance bill are both good bills that would help push back against President Trump’s sabotage of health care—but they won’t stop the premium increases, coverage losses, and chaos that the Republican tax bill would cause—and that’s assuming they could even pass through the Republican House.

"So I urge my Republican colleagues to take a step back here—and stop this sham process while they still have a chance.

"Tax reform is an area where we can find bipartisan consensus—where we can work together to help the middle class and call on the wealthy to pay their fair share.

"This plan doesn’t do that—it does the opposite—but Democrats are at the table and ready to get to work if Republicans listen to their constituents, reverse course, and set aside this devastating plan.

"Thank you."