Cornyn: Democrats Attacking Tax Reform Ideas They Once Backed

Whats 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. Texas Insider Report: WASHINGTON DC  Today 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. Cornyns remarks are below and video of his remarks can be found here.

Youd 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 thats the easy and politically expedient thing to do." Whats 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 isnt 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."