If you want to encounter something lower we will very the deduction the presiding officer the the presiding officer the. Taking time this afternoon to respond to the remarks of mr. Kohn day. The senator is in a c quorum call. I move they vacate. Without objection. And would like to respond to the top economic adviser mr. Gary kohn with respectstratn to this administrations approach to taxes and let me be clear at the outset that the president and his parade of millionaires are a executing a middleclass con job and i will be specific to say why i have reached that judgment what they are saying about taxes. To the president said idol benefit, i think theres very little benefit for people of wealth. He also said in his speech and the blueprint so unless the of president peyser o attacks to benefit enormously the family would save billions of the estate tax is eliminated as proposed with more than 500 passengers could take advantage of the new grand canyon sized loophole that the plan proposes. With a 2005 tax return that is the only one available. The in to save millions each year if the alternative minimum tax is eliminated. So today the president and the top advisor gary kohn said we also said will the americans are not getting a tax cut. By just want to take a few minutes with of the trumpet administration overw upwards of 5 trillion and is overwhelmingly skewed to the wealthy. This lowers the of corporate rate 35 down at 20 and muchre of that goes to wealthy shareholders. This that new pass through to with the highfliers in hedge funds that will let them start calling ordinaryes income in the area in thear process with the Social Security and medicare. I mentioned the estate Tax Exemption is already 11 million for a couple. Sotho cost the American People between 270 billion that is an awful lot of money. And then to lower the individual top rate. So make no mistake about it. The president of the United States with the top economic adviser has said they will not give tax cuts to the wealthy that is not what they said yesterday. And dad the top rate will go down. Adding insult to injury. And now to pay 10 percent. E and then to make a mockery out of the president s pledge with working families and not about the wealthy. R. Pre with respect to the middleclass but with thatam sleight of hand. And then they just take with the other. So that they would be helping middleclass folks to double the standard deduction so that bipartisan proposal and those would triple the standard deduction. But what particularly is outrageous and with those middleclass families. Disney will really do well. Nate but that they will eliminate the personal exemption and in effect a large middleclass families with those workingclass families they will see an increase under the president s tax outline. Even with the larger standard deduction. The president and his team took a pass on the opportunity to expand on theha Child Tax Credit to make sure more families would benefit. There is no Child Tax Credit in this plan. Going to the treasury secretary went on fox news to say it will cut down the deficit by 1 trillion. And now mr. Mnuchin is tumbling down on the failed experiment. And that just is not true. And build up the middle so those at the very top sola middleclass wages this is a pattern that they cannot afford to have repeated. Except now the secretary of treasury claims that they will not just pay for themselves but bring in an additional 1 trillion of revenue to cut their own cost. That is just a bunch of what person could not be further from the truth as even the steve Budget Office director said it is clear the tax cuts do not put pay for themselves. Those of the words of the budget director in that we went budget director went on toto say the Macro Economic effect or the big picture of the long term the other comments that were nor where fake noteworthy but the president is committed to have that carried Interest Deduction despite the Campaign Promise to those typical middleclass voters and once again with that carried interest loophole. The this is the second big occasion on which the president has failed to follow through on his Campaign Promise. And to have a one page outline that was shorter that was from the iconic store in our state they had one page in did not doen anything the following to run the president s promise of but when you eliminate though white space but once again with that carried interest loophole. Those Investment Managers to get away to pay less than theyre fair share. What that is all legal under the president s plan. Will one that the trump team does not bend the truth to protect the middle class from a tax hike. With abc the trump advisor so the treasury secretary said he will pay more under the tax plan. So people at the very top will spell out in detail, in detail to see the abolition of the estate tax. The incredible windfall. E middleclass folks cannot guarantee that we will not pay more in mr. Kohn said to help the middle class will you commit to that . There might be somebody somewhere with state and local taxes mr. E but would not stand behind the middleclass, mr. President , the way this Administration Stands behind those at the top and why i said the president with his parade of m millionaires are executing a middleclass con job and the president is out of touch it at all the time is to deliver tax relief to those that need it the most for those that go back to the drawing board the desipramine middleclass americans with those of larger families dont hit them with a tax increase they cannot afford. We on our side we share the view the caste system is a brokendown bus filled with loopholes often my wife says stop there because anymore will frighten the children. To be sure the tax system is broken and i have been very proud over the years with a proposal that is bipartisan to put the focus on the upper middleclass and red, white, and blue job so our proposal to lay out by democrats there has to be social responsibility tax relief would not go to the people the alpine does not even go as far as Ronald Reagan and the democrats went. Iberal, nobody would call a flaming liberal entering into an agreement with the democrats in 1986 to say there is equal treatment of income from somebody with a hedge fund. Everything ought to be treated fairly. And the there is still a tax systems that have their tax is taken out of every paycheck and that is compulsory. But then there is another for the people who benefit for what the president outlined yesterday those are the high flyers to pay what they want when they want to and it is very unfortunateant, for then i groupon for that group that i just described and to the of president it is sad to hear this administration and the president is pretending to focus on the of middleclassf the bayer advancing the parade of the of millionaires and a number of those that are a part of this administration. I note the absence of a quorum. Pretty consistently ranks among the of lesser known president s what most people though it is distinctive facial hair. He recognized he was not qualified for the job and was surprised to be there never imagined to be president of the United States and now he is on the threshold