Tags: angus king | gop | tax reform | bad bill

Sen. Angus King: GOP Push on Tax Reform Shows Bad Bill

(MSNBC's "Morning Joe")

By    |   Friday, 01 Dec 2017 11:49 AM

Sen. Angus King is ridiculing Republicans' push to pass their extensive tax reform bill, saying that the rush to pass it quickly shows how bad it is.

"I have a new rule, by the way," the Maine independent told MSNBC's "Morning Joe" program. "This is King's Rule. The faster a bill goes through, the worse it is, and that's what's going on here. As people learn, that's one of the reasons I predict there will be a vote today because the longer the days go on, more people learn how really terrible this bill is."

His comments came after he told CNN's Anderson Cooper on Thursday that the push to pass the bill is worse than a circus.

"To call this a circus would be an insult to circuses," King said on CNN's "Anderson Cooper 360" program. "Believe it or not, Anderson, nobody's seen it. We're going to be voting on one of the most important votes we'll ever take in this body that'll affect this country for the next 30 years. Nobody's seen the bill."

The Senate's bill is expected to come to a vote on Friday, with GOP Sens. Bob Corker, of Tennessee and Jeff Flake, of Arizona remaining holdouts over concerns about the deficit.

However, two other Republicans, Steve Daines, Montana, and Ron Johnson, Wisconsin, have opted to back the bill after changes were made concerning provisions for small businesses and pass-through entities, which are limited-liability corporations, partnerships, and others whose earnings go to owners and then are taxed as personal, rather than corporate, income.

King on Friday told the "Morning Joe" program that the vote may be one of the most important senators will ever take, as it will affect all Americans and businesses, along with the entire economy for the next 20 or 30 years.

"You'd think in that situation that the care that went into creating the proposal and the bill would be extra good," said King. "Instead, it's the worst ever. I've never heard of or seen anything like this. On this huge bill, huge impact, do you know how many hearings we've had on the bill? Zero. Nothing, nada, zilch."

If the tax bill does not pass the Senate, then working on it would likely happen on a bipartisan measure, such as what's happening with healthcare, said King, and he believes that's how it should be done.

"I know there are at least a dozen, probably more like 20 or 25 democratic senators in the caucus who want to do tax reform, but they want to do it in a targeted way that will, in fact, stimulate economic growth and not slant so much toward the wealthy and do it in a way that everybody understands the implications," he said. "This is really complicated stuff, and that's why you have to have hearings, so people can come in from the outside experts and say if you do this, it's going to have this effect. We're not looking before we leap off a 30-year cliff. I said yesterday on the floor the Bangor City Council wouldn't amend the leash law using this process."

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Sen. Angus King is ridiculing Republicans' push to pass their extensive tax reform bill, saying that the rush to pass it quickly shows how bad it is.
angus king, gop, tax reform, bad bill
Friday, 01 Dec 2017 11:49 AM
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